FedEx Offers to Buy TNT Express for EU8 Per Share in Cash
2015-04-07 05:06:04.566 GMT
By Jurjen van de Pol
(Bloomberg) -- Offers values TNT Express at EU4.4b; shares
closed at EU6 on April 2.
* Says offer represents premium of 33% over April 2 closing
price, 42% over avg weighted price over last 3 months
* Deal supported by TNT Express’ executive, supervisory boards
* PostNL to tender its 14.7% TNT Express shareholding
* TNT Express’ airline operations to be divested
* Sees deal closing in 1H 2016
* Cos. “confident that anti-trust concerns, if any, can be
addressed adequately in a timely fashion”
Link to Statement:Link
Link to Company News:{PNL NA <Equity> CN <GO>}
Link to Company News:{FDX US <Equity> CN <GO>}
Link to Company News:{TNTE NA <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-04-07 05:06:04.566 GMT
By Jurjen van de Pol
(Bloomberg) -- Offers values TNT Express at EU4.4b; shares
closed at EU6 on April 2.
* Says offer represents premium of 33% over April 2 closing
price, 42% over avg weighted price over last 3 months
* Deal supported by TNT Express’ executive, supervisory boards
* PostNL to tender its 14.7% TNT Express shareholding
* TNT Express’ airline operations to be divested
* Sees deal closing in 1H 2016
* Cos. “confident that anti-trust concerns, if any, can be
addressed adequately in a timely fashion”
Link to Statement:Link
Link to Company News:{PNL NA <Equity> CN <GO>}
Link to Company News:{FDX US <Equity> CN <GO>}
Link to Company News:{TNTE NA <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net