UK Mail Group PLC (UKM.L)
1 Dec 2016
* On Oct.25 received an irrevocable undertaking to accept offer from Napolitina Limited dated Oct.24 in respect of 1.4 mln shares, representing about 2.6 pct of UK Mail Group
FRANKFURT Deutsche Post DHL is buying independent British postal operator UK Mail Group for 243 million pounds ($316 million) to cement its foothold in Europe's three largest e-commerce markets, Britain, Germany and France.
* UK Mail up 43 pct, Deutsche Post shares rise 1.2 pct (Adds background, quotes, share price reaction)