UTi Worldwide Inc (UTIW.OQ) Key Developments | Reuters.com
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UTi Worldwide Inc (UTIW.OQ)

UTIW.OQ on NASDAQ Stock Exchange Global Select Market

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21 Jan 2016
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Latest Key Developments (Source: Significant Developments)

UTi Worldwide Inc announces agreement to be acquired by DSV in transaction valued at $1.35 billion
Friday, 9 Oct 2015 03:00am EDT 

UTi Worldwide Inc:Enters into definitive agreement to be acquired by DSV for $7.10 in cash per ordinary share.Says transaction, which was unanimously approved by both UTi and DSV's boards of directors, is valued at about $1.35 billion.Says acquisition is expected to be completed between Jan. 1, 2016 and March 31, 2016.Says transaction has fully committed financing and is not subject to any condition with regard to the financing.Says Morgan Stanley & Co. LLC is serving as financial advisor to UTi in connection with transaction.  Full Article

UTi Worldwide Inc lowers FY 2016 EBITDA guidance
Thursday, 3 Sep 2015 04:05pm EDT 

UTi Worldwide Inc:Expects FY 2016 adjusted EBITDA in the range of $75 million to $100 million.FY 2016 EBITDA of $109 million - Thomson Reuters I/B/E/S.  Full Article

UTi Worldwide Inc reaffirms FY 2016 EBITDA guidance
Thursday, 4 Jun 2015 04:05pm EDT 

UTi Worldwide Inc:Confirms its guidance for FY 2016.Expects FY 2016 adjusted EBITDA to be within the range of $125 million to $150 million.  Full Article

UTi Worldwide Inc updates on FY 2016 EBITDA guidance
Tuesday, 31 Mar 2015 04:05pm EDT 

UTi Worldwide Inc:Expects FY 2016 adjusted EBITDA to be within the range of $125 million to $150 million.  Full Article

UTi Worldwide Inc says to cut several senior positions - Reuters
Tuesday, 27 Jan 2015 06:46pm EST 

UTi Worldwide Inc:Would cut several senior positions and no longer maintain regional infrastructure as a way to reduce costs - Reuters.Also expected to cut jobs worldwide, but gave no details on numbers.The job cuts would primarily affect the freight-forwarding business.Would shift management of its freight forwarding business to a global leadership structure managing about 17 discrete geographic areas.Previously, the business was managed from four regions.The restructuring will result in annual savings of $30 mln to $40 mln.  Full Article

UTi Worldwide Inc reaffirms FY 2016 EBITDA guidance
Tuesday, 9 Dec 2014 08:00am EST 

UTi Worldwide Inc:Reaffirms adjusted EBITDA target of $190 mln - 210 mln for FY 2016.FY 2016 EBITDA of $200 mln - Thomson Reuters I/B/E/S.  Full Article

Eric Kirchner Resigns as CEO of UTi Worldwide Inc; Edward Feitzinger named new CEO
Monday, 8 Dec 2014 11:30pm EST 

UTi Worldwide Inc:Says that Eric W. Kirchner has resigned as Chief Executive Officer and as a member of the Board of Directors of the company.Says the Board has appointed Edward G. Feitzinger, as CEO of the company and elected him as a member of the board as a Class B director, effective immediately.  Full Article

UTi Worldwide Inc gives FY 2016 EBITDA guidance
Thursday, 4 Sep 2014 08:00am EDT 

UTi Worldwide Inc:Expects FY 2016 EBITDA in the range of $190 to $210 mln.FY 2016 EBITDA of $206 mln - Thomson Reuters I/B/E/S.  Full Article

BRIEF-DSV closes acquisition of UTi Worldwide

* Says has today closed previously announced agreement to acquire UTi Worldwide