UTi shareholders vote to adopt merger agreement with DSV


UTi Worldwide Inc. announced that its shareholders, at a special shareholders meeting and subsequent special class meeting have overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of UTi Worldwide Inc. by DSV A/S.

Upon completion of the transaction, each ordinary share of UTi Worldwide is expected to convert into the right to receive a cash payment of $7.10, without interest.

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