(Bloomberg) -- Shares of Deutsche Post AG, Europe's biggest mail carrier, rose as much as 6.5 percent to a record on speculation that TCI, a hedge fund, may buy a stake in the company.
The shares rose as much as 1.58 euros to 25.94 euros, the highest price since Deutsche Post's November 2000 initial public offering, and were up 4.3 percent at 25.41 euros at 11:36 a.m. in Frankfurt. The stock has gained 11 percent this year, valuing the company at 30.6 billion euros ($41.7 billion).
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment