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INPST InPost SA News Story

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IndustrialsAdventurousLarge CapNeutral

InPost jumps on Advent, FedEx-led consortium buyout deal

** 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)

 (Reporting by Alicja Surdy)

 ((AlicjaEwa.Surdy2@thomsonreuters.com;))

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