U.K. CMA Starts Merger Review of Deutsche Post, Hillebrand Deal

The Competition and Markets Authority is considering whether the acquisition by Deutsche Post DHL Group of Hillebrand will result in substantial lessening of competition for goods or services, according to statement.

• Deadline is March 22 for phase 1 decision
• Comments should be provided by Feb. 8
• NOTE: Deutsche Post Buys Drinks Shipper Hillebrand for $1.8 Billion

NOTE

• Deutsche Post AG fell 0.2% to EU50.61 as of last close
  • The average 12-month price target of EU68.81 is 36.0% above the current price
  • 25 buys, 3 holds, 1 sells

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