InPost to boost investment regardless of FedEx takeover bid
InPost beat Q1 earnings estimates and will boost investment regardless of the FedEx bid. The firm expects its UK business to break even by the third quarter.
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INPOST SA will accelerate infrastructure spending regardless of a potential 7.8 billion euro takeover bid from a FEDEX CORP consortium. The Polish logistics firm beat first-quarter earnings estimates as parcel volumes rose 32% to 359 million units. Investors are weighing the firm's aggressive growth strategy against a pending tender offer that requires 80% shareholder acceptance.
