
Polish parcel locker company InPost's INPST.AS shares rise as much as 14.3% after a consortium including Advent and FedEx made a conditional cash offer to acquire the firm for EUR 15.60 per share
The price represents a 17.3% premium to InPost's last close, with the deal valuing the company's equity at EUR 7.8 billion ($9.3 billion)
Analysts also highlight the 50% premium to the undisturbed Jan. 2 price, which was the last session before news of a potential takeover emerged
Erste's Cezary Bernatek calls the offer "moderately attractive", while Trigon's Dominik Niszcz sees a "good exit opportunity" for shareholders given slowing profit momentum and rising competition
Niszcz adds that the final price may be increased above the EUR 16 IPO price to convince minority shareholders, especially given the involvement of strategic player FedEx
($1 = 0.8432 euros)