Deutsche Post has applied to the City of Basel Civil Court to void the
remaining 1.1 percent of the publicly held shares of Danzas Holding Ltd.
The court ruling would allow Deutsche Post, which acquired 98.9 percent
of the stock of the Swiss forwarding and logistics group earlier this year,
to become the sole shareholder of Danzas.
Trading in Danzas shares would also cease on the Swiss stock market.
Deutsche Post said it is still prepared to buy the remaining public stock
at 590 Swiss franc ($393) per share.
DEUTSCHE POST SEEKS RULING ON SOLE OWNERSHIP OF DANZAS
DEUTSCHE POST SEEKS RULING ON SOLE OWNERSHIP OF DANZAS
