FedEx plans to acquire TNT Express
FedEx and TNT Express have reached a conditional agreement on a recommended all-cash public offer of EUR 8 per ordinary TNT Express share. The transaction represents an implied equity value for TNT Express of EUR 4.4 billion.
The takeover of Dutch logistics company TNT Express will transform FedEx’s European capabilities and accelerate global growth. The European regional headquarters of the combined companies will be in Amsterdam/Hoofddorp. The TNT Express hub in Liège (Belgium) will be maintained as a significant centre by the group.
The partners expect to close the transaction in the first half of 2016. (ben)