Royal Mail set to table EUR 5 per share takeover bid for PostNL
Royal Mail [LON:RMG], the UK-based postal service is about to submit an EUR 5 (GBP 3.66) per share takeover bid for Netherlands-based counterpart PostNL [AMS:PNL], according to gossip cited in a market report in The Daily Mail. The newspaper did not cite a source for the speculation.
A deal could be agreed early next year, the article said.
The item went on to mention talk that German rival Deutsche Post [ETR:DPW] is also interested in PostNL.
PostNL’s share price closed EUR 0.18 up at EUR 3.26 in Amsterdam yesterday, 23 December, valuing the company at EUR 1.44bn.
Daily Mail