TNT tenders shares as next step in takeover by FedEx

TNT Express has tendered 88.4% of its shares for acceptance as part of its proposed takeover by FedEx.
The Netherlands-based express firm will announce whether shareholders have unconditionally accepted the offer by no later than May 19.
The move comes after China gave its approval for the FedEx-TNT deal in late April.
With one of the last remaining hurdles to the deal surmounted, the two express companies said that the offer condition with respect to competition clearances has now been fulfilled.

Share this story

Related Topics

Latest europe news

Swissport appoints Western Europe head

By Rachelle Harry

Ground handler Swissport has appointed Liam McElroy as head of its Western Europe region, effective immediately. In his new role,…

Read More

Share this story

DSV invests in new logistics centre to accommodate growth

DSV plans to invest DK2bn in a new 700,000 sq m logistics centre in Horsens, Denmark, that will accommodate its…

Read More

Share this story

Forwarder Maurice Ward opens Antwerp office

By Rachelle Harry

Irish freight forwarder Maurice Ward Group, which has a presence across Europe, has expanded its network with a new office…

Read More

Share this story