Saturday 1st Oct 2016 - Logistics Manager

Exel’s shareholders approve takeover

Exel has announced that its shareholders have approved the firm’s takeover by Deutsche Post for an estimated £3.7bn. Some 98 per cent of shareholders voted for the takeover which is now expected to take place on 13th December and will create the world’s largest third party logistics operator. It is expected that the last day for dealings in Exel shares will be the 9th December 2005 and the scheme will take effect from the 13th December.