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DSV A/S closes acquisition of UTi Worldwide

DSV A/S on Jan. 22 completed its deal to acquire UTi Worldwide Inc. for a transaction value of $1.37 billion.

The company offered $7.1 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Rothschild Inc. was the financial adviser for DSV A/S, and Conyers Dill & Pearman Ltd., Moalem Weitemeyer Bendtsen Advokatpartnerselskab and Skadden Arps Slate Meagher & Flom (UK) LLP were the legal advisers.

Morgan Stanley & Co. LLC was the financial adviser for UTi Worldwide, while Cravath Swaine & Moore LLP and HarneyÂ’s Corporate Services Ltd. were the legal advisers.