Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT Express
March 30 2016 - 11:17AM
Business Wire
This is a joint press release by FedEx Corporation, FedEx
Acquisition B.V. and TNT Express N.V. in connection with the
recommended public offer by FedEx Acquisition B.V. for all the
issued and outstanding ordinary shares in the capital of TNT
Express N.V., including all American depositary shares representing
ordinary shares (the Offer). This announcement does not
constitute an offer, or any solicitation of any offer, to buy or
subscribe for any securities in TNT Express N.V. The Offer is made
solely pursuant to the offer document, dated August 21, 2015 (the
Offer Document), approved by the Netherlands Authority for
the Financial Markets (Autoriteit Financiële Markten) (the
AFM). Terms not defined in this press release will have the
meaning as set forth in the Offer Document.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160330005909/en/
FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition
B.V. (the Offeror) and TNT Express N.V. (TNT Express)
jointly announce that Conselho Administrativo de Defesa Econômica
(CADE) has rejected the third party appeal of the unconditional
approval of the Offer previously announced on February 18,
2016.
On January 8, 2016, FedEx and TNT Express announced that the
Acceptance Period for the Offer has been extended until two weeks
following the satisfaction or waiver of the Offer Condition with
respect to Competition Clearances.
The Offer Condition regarding Competition Clearances relates to
obtaining competition approval from the relevant antitrust
authorities in the EU, Brazil, China and the United States of
America. FedEx and TNT Express have obtained unconditional
competition approval in the EU, Brazil and the United States of
America and continue to work constructively with regulatory
authorities to obtain clearance of the transaction in the remaining
relevant jurisdictions, including China. FedEx and TNT Express are
making timely progress and continue to anticipate that the Offer
will close in the first half of calendar year 2016.
About FedEx Corp.
FedEx provides customers and businesses worldwide with a broad
portfolio of transportation, e-commerce and business services. With
annual revenues of $49 billion, the company offers integrated
business applications through operating companies competing
collectively and managed collaboratively, under the respected FedEx
brand. Consistently ranked among the world’s most admired and
trusted employers, FedEx inspires its more than 340,000 team
members to remain “absolutely, positively” focused on safety, the
highest ethical and professional standards and the needs of their
customers and communities.
For more information, please visit www.fedex.com.
About TNT Express
TNT Express is one of the world’s largest express delivery
companies. On a daily basis, TNT Express delivers close to one
million consignments ranging from documents and parcels to
palletised freight. The company operates road and air
transportation networks in Europe, the Middle East and Africa,
Asia-Pacific and the Americas. TNT Express made €6.9 billion in
revenue in 2015.
For more information, please visit www.tnt.com/corporate.
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version on businesswire.com: http://www.businesswire.com/news/home/20160330005909/en/
FedEx CorporationMediaPatrick Fitzgerald,
+1-901-818-7300patrick.fitzgerald@fedex.comorMedia Contacts –
EuropeCitigate First FinancialUneke Dekkers/Vivian ten Have,
+31 (0) 20 575 40 10Mobile: +31 (0) 6 50261626 / +31 (0) 6
46233900orFedEx Investor RelationsMickey Foster,
+1-901-818-7468mickey.foster@fedex.comorTNT
ExpressMediaCyrille Gibot, +31 88 393 9390Mobile: +31 65
113 3104cyrille.gibot@tnt.comorInvestor RelationsGerard
Wichers, +31 88 393 9500gerard.wichers@tnt.com
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