UTi Worldwide Shares Drop Following M&A Chatter

Shares of UTi Worldwide Inc. UTIW are trading lower Thursday morning.

During Wednesday’s trade, shares of UTi were up sharply following a report that DSV A/S was interested in buying the company.

After hours Wednesday, UTi confirmed there are are currently no discussions between the two companies.

Shares of UTi were trading down 12 percent at $12.17 in Thursday's pre-market session.