FedEx Express to Complete TNT Takeover
May 25th will mark the completion of the unconditional takeover of TNT Express by FedEx Express for a settled amount of €4.4 billion.
88.4% of all TNT Express shares have been tendered and accepted at an offer price of €8 per share. The remaining TNT Express Shares can be tendered during the Post-Closing Acceptance Period, commencing on 19 May 2016 and ending on 1 June 2016.
FedEx Express president and chief executive officer, David Bronczek says, “We are pleased with the outcome of the public share offer. May 25, 2016 will be a profound moment in the history of these two great companies. Together, we will transform the global transportation industry, connecting even more people and possibilities around the world.”