DEUTSCHE POST DHL * Germany: Snaps up UK Mail for $315.5 Million
* Frankfurt - Deutsche Post DHL agreed offer at 43% premium to British company’s stock price
--- Germany’s Deutsche Post DHL Group agreed to acquire UK Mail Group for 242.7 million pounds, ($315.5 million), bolstering its presence in one of Europe’s biggest e-commerce markets at a time of booming online orders for clothes, household goods and other merchandise... Deutsche Post, Europe’s leading parcel-delivery company, said the offer of 440 pence a UK Mail share represents a premium of around 43% to the British company’s closing price of 307.5 pence on Sept. 27... In January, Deutsche Post bought a 27.5% stake in France’s Relais Colis to strengthen its presence in Europe’s third-largest e-commerce market. In September, the German company expanded its parcel network to include ventures in Hungary and Slovenia, taking its presence to 19 European countries, a company spokesman said...
(PHOTO: DEUTSCHE POST - Deutsche Post DHL agreed to acquire UK Mail Group for $315.5 million, bolstering its presence in one of Europe’s biggest e-commerce markets) -- Frankfurt, Germany - The WSJ (USA), by NATASCHA DIVAC and ULRIKE DAUER - Sept. 28, 2016