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UK MAIL SUSPENDS TRADING AFTER DEUTSCHE POST DHL OFFER

22 Dec 2016, 15:57

http://www.insidermedia.com/insider/nat ... -dhl-offer

UK Mail has suspended trading on the London Stock Exchange following a recommended cash offer by Germany's Deutsche Post DHL.

In September, it was revealed that Deutsche Post DHL had offered £242.7m for the entire share capital of the parcel delivery business.

As part of the deal, UK Mail shareholders will receive 440p per share and will also be entitled to an interim dividend of 5.5p per share.

UK Mail suspended trading yesterday (21 December 2016) and has applied for the de-listing of scheme shares from the Official List, which is expected to take effect from 8am tomorrow morning (23 December).

Speaking in September, UK Mail chairman Peter Kane said the company has made "good strategic progress in recent years" but will "benefit significantly from becoming part of Deutsche Post DHL".

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