CEVA board rejects takeover bid from DSV as ‘inadequate’

Yesterday, after Danish logistics firm DSV made an unsolicited, non-binding acquisition bid to CEVA Logistics AG, the CEVA board of directors unanimously rejected the offer of roughly US$28 per share in cash, saying that the bid – totaling about $1.5 billion – was “not in the best interest of the company and its shareholders.” The […]

Amerijet bought out by N.Y.-based private equity firm

ZS Fund LP, a New York-based private equity firm, has acquired Amerijet Holdings and its subsidiaries – Amerijet International, Inc., and ITN Worldwide. In conjunction with the acquisition, Amerijet CEO Dave Bassett is retiring and Vic Karjian, former chairman of Swiss carrier Farnair and co-founder and CEO of Falcon Aviation Group, is coming on board. […]