UPS, I did it again : Panalpina

• Autor(a) principal: Carvalho, Maria Rita Teixeira Mendes de
• Data de Publicação: 2016
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.14/20639
• topic: Domínio/Área Científica::Ciências Sociais::Economia e Gestão

This thesis intends to study a cross-border transaction in the Transportation & Logistics industry. This industry is being subject to a strong consolidation trend over the last years, as a response to the current sector’s challenges and the intense competition level. In this sense and as a major study, I propose that United Parcel Service (UPS), one of the biggest package delivery companies in the world and based in the United States, acquires the Swiss-based company, Panalpina World Transport (Panalpina), a top 5 European Freight Forwarding and Logistics company. I suggest a bid price of ₣123.84 ($127.00) per share, reflecting a premium of 18% over the day prior to the valuation. This deal, which is planned to be an all cash transaction, is expected to create net synergies in the amount of $839Mn, while the expected gain for UPS is $346Mn. After the acquisition, it is proposed that Panalpina operates as a subsidiary of the major company, UPS.