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FedEx is making $4.8 billion public cash offer for TNT

Staff writer |
FedEx Acquisition B.V. and TNT Express jointly announced that FedEx is making a public cash offer for all issued and outstanding ordinary shares in the capital of TNT Express.

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“This is an important transaction for FedEx, and the offer represents positive news for all stakeholders,” said David Binks, regional president of Europe, FedEx Express.

“We believe the combination will provide significant value to both companies and both sets of shareholders. FedEx is delighted by the unanimous support from the Executive Board and the Supervisory Board.”

The offer values 100% of the shares at € 4.4 billion ($4.8 billion). FedEx has confirmed in a press release dated May 13, 2015 that it will be able to finance the aggregate consideration of the offer.

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