UTi Worldwide Says Currently No Talks With DSV? A/S - Quick Facts

(RTTNews) - Supply chain services company UTi Worldwide Inc. (UTIW) announced that Bloomberg reported UTi was in "advanced talks to sell itself to DSV A/S". Although UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV? A/S, those discussions never progressed beyond a preliminary stage. Currently there are no discussions taking place between the companies.

Previously, Bloomberg reported that UTi Worldwide was in advanced talks to sell itself to DSV A/S , the Nordic region's biggest trucking company. UTi has been in sale discussions since mid-2014 and could reach an agreement with DSV as soon as this month.