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BDP denies ‘for sale’ claim

[ April 11, 2012   //   ]

US-based international forwarder BDP l may be up for sale, according to a report on Reuters, although the company itself said it was only looking to raise capital.

BDP, which provides air and ocean freight forwarding and customs brokerage services, is being advised by investment firm Republic Partners, according to Reuters sources. However, the report added that BDP spokesman Arnie Bornstein had denied the company was for sale but said it was exploring opportunities with private investors to raise capital. Philadelphia-based BDP, could fetch around $500 million, the report suggested.

 

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