DEUTSCHE POST (turnover of EUR 43 bn in 2004, 6.8 bn of which came from the logistics sector) has launched a take over bid for the British company EXEL (turnover of EUR 9.3 bn in 2004 with workforce of 110,000). If the bid is accepted by 75% of EXEL shareholders, the enterprise will become the biggest logistics and air, land and sea freight transport groups in the world. DEUTSCHE POST is offering EXEL 900 pence plus 0.25427 from its own shares for each share. The bid has valued EXEL at...