Apr 08, 2015 · Fred Smith, the chief executive and chairman of FedEx, said that the $4.8 billion deal for the Dutch delivery company TNT Express is good for both workforces and meets regulatory tests.
FedEx will acquire Dutch delivery giant TNT Express for $4.8 billion in an all-cash deal that will vastly expand the American company’s operations across Europe, the company revealed on Tuesday.
Apr 07, 2015 · Watch video · FedEx Corp. agreed to buy Dutch parcel-delivery company TNT Express NV for 4.4 billion euros ($4.8 billion), predicting it can succeed where bigger rival United Parcel Service Inc. was blocked by
Apr 07, 2015 · FedEx posted 2014 revenue of $45.6 billion and it employs more than 325,000, while TNT posted €6.68 billion in 2014 revenue and has about 65,000 employees.
FedEx Corporation said on Tuesday that it had agreed to acquire the Dutch delivery company TNT Express in an all-cash deal that values TNT at 4.4 billion euros, or about $4.8 billion. The transaction would greatly expand the American delivery giant’s presence in Europe and comes less than two years after European regulators blocked a bid for TNT by United Parcel Service, its global delivery rival.
FedEx plans to offer €8 per TNT share, which is 33% above the target’s close last Thursday but 16% below UPS’s failed €9.50-per-share offer. On a Tuesday morning conference call, FedEx CEO
Apr 07, 2015 · Package delivery service FedEx announced Tuesday plans to buy TNT Express for $4.8 billion in a deal that will allow it to expand in Europe and …
Apr 09, 2015 · In a move that will surely realign the global parcel delivery market, FedEx Corp. plans to buy TNT Express N.V. in a $4.8 billion cash deal. Both firms noted in a statement that they expect to wrap up the acquisition within the first six months of 2016 and don’t foresee any major anti-trust complications.
Apr 07, 2015 · FedEx Corp is to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), stepping up the challenge to …
In a move with major implications for the global express delivery and parcel sectors, FedEx said today it plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion. This is not the first time TNT has been featured in a deal with the prominent global parcel payer.
Aug 01, 2015 · Under the terms of the deal, FedEx would pay 8 euros a share in cash for each outstanding share of TNT, valuing the Dutch company at about 4.4 billion euros, or about $4.8 billion.
FedEx said it would buy Dutch parcel-delivery TNT Express for about $4.8 billion to expand in Europe.
FedEx Corp. agreed to buy Dutch parcel delivery company TNT Express NV for 4.4 billion euros ($4.8 billion), predicting it can succeed where bigger rival United Parcel Service Inc. was blocked by regulators in 2013. TNT investors will receive 8 euros a share in cash, 33 percent more than the closing
American package delivery service FedEx said Tuesday, April 7, 2015 it plans to take over its Dutch rival TNT Express, one of Europe’s largest delivery companies, for 4.4 billion euros ($4.8