Independent journal on economy and transport policy
14:51 GMT+1
This page has been automatically translated by Original news
Great fusion in the field of the deliveries express: Fedex will acquire TNT
Offer of the value of 4,4 billion euros
April 7, 2015
New great fusion in the field of the logistics, this time between two world leaders in the segment of the deliveries express. Today the American group Fedex in fact has announced the next presentation of a public offer for the acquisition of the entire capital stock of the TNT Express Dutch, proposal that is based on a price of 8,0 euros for each action of TNT Express, pairs to a prize of 33% regarding the closing of last Thursday, for a total value of 4,4 billion euros. The surveillance council and board of directors of TNT Express has recommended unanimously the shareholders to accept the offer.
"This offer - the managing director of TNT Express has explained, Tex Gunning - reaches in an important moment transformations within TNT Express, oriented as we have been to follow through our absolutely independent strategy. However, even if we have not sped up the acquisition, in truth we consider that the proposal of Fedex, is from the financial point of view that not financial, constitutes a good news for all the shareholders".
The offer previews that if Fedex will acquire 95% of the capital stock of TNT Express will be proceeded to the revocation of the actions of TNT Express from the quotation on the stock market Euronext Amsterdam and Fedex starts a procedure of acquisition obligatory in order to acquire remaining sets in action. According to the forecasts, the fusion will be put into effect in the first semester of the next year.
We remember that at the beginning of the 2013 EU commission it had rejected the project of takeover of American UPS on same the TNT Express ( on 30 January 2013). According to Fedex and TNT Express the new project of fusion will not provoke worries from the point of view of the competition.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
New great fusion in the field of the logistics, this time between two world leaders in the segment of the deliveries express. Today the American group Fedex in fact has announced the next presentation of a public offer for the acquisition of the entire capital stock of the TNT Express Dutch, proposal that is based on a price of 8,0 euros for each action of TNT Express, pairs to a prize of 33% regarding the closing of last Thursday, for a total value of 4,4 billion euros. The surveillance council and board of directors of TNT Express has recommended unanimously the shareholders to accept the offer.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
