A FedEx $FDX-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.
A completed deal would trigger the removal of InPost's shares from Euronext Amsterdam. InPost also said it plans to hold two extraordinary general meetings at which shareholders will be briefed on the offer.
Even after the acquisition, FedEx and InPost would continue operating as separate competitors, though the deal is seen as a vehicle for FedEx to deepen its presence across Europe's parcel locker sector, according to Reuters. InPost reported record parcel volumes and accelerated network expansion in its third quarter of 2025.
FedEx has been reshaping its business in recent months. The company raised its full-year revenue and profit guidance after beating Wall Street expectations in its third quarter, and it remains on schedule to spin off its FedEx Freight unit as an independent public company by June 1.