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A FedEx $FDX +0.54%-led consortium opened its €7.8 billion ($9 billion) tender offer for Polish parcel locker company InPost on Monday, with the acceptance window running through July 27, according to Reuters.
InPost's board gave its unanimous backing to the €15.60-per-share cash offer when it was first announced in February. While shareholders holding 48% of the stock have already committed to the bid, the transaction cannot proceed unless shares representing at least 80% of the company are tendered, InPost said.
FedEx holds a 37% stake in the acquiring consortium, equal to that of private equity firm Advent International. The remaining consortium partners, A&R and PPF, hold 16% and 10%, respectively, according to Benzinga.
Approvals from authorities in China, Israel, Italy, Turkey, and Ukraine are already in hand. Outstanding sign-offs from the European Commission and Vietnam are on a longer timeline, with both processes expected to wrap up sometime in the latter half of 2026, InPost said.
