FedEx’s acquisition of TNT Express to complete next week

Dino D'Amore
By Dino D'Amore May 19, 2016 19:57

FedEx’s acquisition of TNT Express to complete next week

FedEx’s planned $4.8 billion takeover of TNT Express will settle on May 25. FedEx has stated that 88.4% of all TNT shareholders have accepted the terms of the deal that comes with an offer price of €8 per share.

FedEx declared the offer for TNT Express “unconditional,” meaning it had received enough acceptances from TNT owners for the deal to settle. “We are pleased with the outcome of the public share offer,” said David Bronczek, president and CEO of FedEx Express.

Dino D'Amore
By Dino D'Amore May 19, 2016 19:57