FedEx-Led Consortium Secures 89.81% of InPost Shares in Takeover Offer
FDX sits 68% above its 52-week low of $180.869 on light trading volume (0.3× avg).
Summary
The FedEx-led consortium has secured 89.81% of InPost shares, surpassing the 80% minimum acceptance threshold. This confirms the takeover will proceed, giving FedEx a controlling stake in the Polish parcel locker operator. The deal expands FedEx's European e-commerce logistics footprint and adds a high-growth asset. Completion is now a formality, with the consortium likely to squeeze out remaining shareholders. This follows FedEx's recent strategic moves including the Freight spin-off and Supply Chain sale.
At the time of this announcement, FDX was trading at $303.23 on NYSE in the Trade & Services sector, with a market capitalization of approximately $71.8B. The 52-week trading range was $180.87 to $345.37. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.