Deutsche Post delivers takeover proposal to British rival Exel
Deutsche Post has approached Exel, its British global supply chain rival, about a possible takeover that analysts say could cost more than EUR5bn (USD6.5bn).
‘Discussions are at a preliminary stage and there can be no certainty as to their outcome,’ Deutsche Post said in a statement. Neither it nor Exel gave further details. The news sent shares in Exel soaring by as much as 17%, valuing it at GBP3.45bn (USD6.5bn), while Deutsche Post shares fell EUR 0.60 to EUR19.84 amid concerns it may be overpaying.
