Daily Archives: March 30, 2016

Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT Express

Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT ExpressMemphis, Tennessee; Hoofddorp, the Netherlands – March 30, 2016 – 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. Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT ExpressThis 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). On a daily basis, TNT Express delivers close to one million consignments ranging from documents and parcels to palletised freight. 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. TNT Express made €6.9 billion in revenue in 2015.

By | 2016-09-02T06:22:34+00:00 March 30th, 2016|fedex, News, shippers, Shipping|0 Comments