Fedex requests EU approval for TNT bid
US delivery and logistics service company FedEx has asked the European Union (EU) competition regulators to approve its €4.4.bn offer for Dutch rival TNT.
AEX Index
883.62
08:00 09/09/22
1.08%
9.44
FedEx Corp.
$274.35
11:10 01/11/24
0.18%
$0.50
Tnt Express
€8.45
18:01 06/02/14
0.00%
€0.00
Spokeswoman Nira Gale specified said the request was submitted by Fedex on Friday.
Both companies announced on 7 April they had reached an agreement that the US courier giant would buy the Dutch group in an all-cash €8 per share offer.
Read more: Fedex to buy Dutch TNT Express for 4.4bn euros
TNT had agreed a takeover by UPS in 2013, but was denied by the European Commission's competition authorities.
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