FedEx and TNT confident that any regulatory issues can be overcome

Express parcel players FedEx and TNT Express are “confident” that any anti-trust issues around the $4.8bn acquisition of TNT by FedEx can be "addressed adequately in a timely fashion”.
In January 2013, US parcels company UPS withdrew its takeover bid for TNT Express after the deal was blocked by European Commission regulators in Brussels.
US express and logistics giant FedEx says that its $4.8bn takeover of TNT Express will “transform” its European capabilities and “accelerate global growth”.  The deal is expected to close in the first half of 2016".
The FedEx transaction has been unanimously recommended and supported by TNT Express’ executive and supervisory boards.
In a joint statement, FedEx and Netherlands-based TNT said that customers will “enjoy access to an enhanced, integrated global network, combining TNT Express strong European capabilities and FedEx’s strength in other regions globally, including North America and Asia”.
The European regional headquarters of the combined companies will be in Amsterdam/Hoofddorp.
The TNT Express hub in Liege will be maintained as a “significant operation” for the group and TNT Express’ airline operations will be sold, in compliance with applicable airline ownership regulations.
They added: “FedEx and TNT Express are confident that anti-trust concerns, if any, can be addressed adequately in a timely fashion.”
Their confidence is based upon the relatively low overlap of operations in Europe, in contrast to that involved with the failed UPS takeover proposal for TNT Express.
The €8.00 per ordinary TNT Express share offer price represents a premium of 33 per cent over the closing price of April 2 and a premium of 42 per cent over the average volume weighted price per TNT Express share of €5.63 over the last three calendar months.
FedEx, with a market capitalisation of $47bn, intends to finance the offer by utilising available cash resources and through existing and new debt arrangements.