NYSE:FDXLogistics
FedEx InPost Deal Expands European Locker Network And Growth Options
FedEx (NYSE:FDX) and Advent International have agreed to acquire Polish parcel delivery operator InPost.
The deal gives FedEx a larger foothold in European parcel delivery, particularly in business to consumer services.
InPost is expected to expand outside the constraints of public markets under the new ownership structure.
FedEx, trading at $364.6, has seen strong recent returns, with the stock up 8.7% over the past week, 16.7% over the past month, and 24.4% year to date. Over longer...