European Commission Unconditionally Approves FedEx Intended Acquisition of TNT Express
January 08 2016 - 05:00AM
Business Wire
This is a joint press release by FedEx Corporation, FedEx
Acquisition B.V. and TNT Express N.V. pursuant to the provisions of
Article 5:25i paragraph 2 of the Dutch Act on Financial Supervision
(Wet op het Financieel Toezicht, the DFSA) and Article 4
paragraph 3 of the Decree on Public Takeover Bids (Besluit Openbare
Biedingen Wft, the Decree) 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/20160108005215/en/
FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition
B.V. (the Offeror) and TNT Express (TNT Express)
hereby jointly announce that they have obtained the unconditional
approval of the European Commission in connection with the Offer.
After its investigation, the European Commission has concluded that
the deal does not raise any competition concerns.
“We are extremely pleased to receive the European Commission’s
unconditional approval,” said David Binks, Regional President
Europe, FedEx Express. “We believe the combination of TNT Express
and FedEx will provide significant value to the employees,
customers and shareholders of both companies.”
FedEx and TNT Express continue to work constructively with the
regulatory authorities to obtain clearance of the transaction in
the remaining jurisdictions, including Brazil and 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 $48 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 €6.7 billion in
revenue in 2014.
For more information, please visit www.tnt.com/corporate.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160108005215/en/
FedEx CorporationMediaPatrick Fitzgerald, +1 901
818 7300Email: patrick.fitzgerald@fedex.comorFedEx Investor
RelationsMickey Foster, +1 901 818 7468Email:
mickey.foster@fedex.comorCitigate First FinancialMedia
Contacts – EuropeUneke Dekkers/Vivian ten Have, +31 (0) 20 575
40 10Mobile: +31 (0) 6 50261626 / +31 (0) 6 46233900orTNT
ExpressMediaCyrille Gibot, +31 88 393 9390Mobile: +31 65
113 3104Email: cyrille.gibot@tnt.comorInvestor
RelationsGerard Wichers, +31 88 393
9500gerard.wichers@tnt.com
FedEx (NYSE:FDX)
Historical Stock Chart
From Feb 2024 to Mar 2024
FedEx (NYSE:FDX)
Historical Stock Chart
From Mar 2023 to Mar 2024