whalesurfer

Not sure if this article has been mentioned already? (personally I think this might cause a slight delay but I still believe the deal will be approved).


EU throws FedEx/TNT deal a curve

"...TNT 1What seemed like a sure deal may not be a slam-dunk after all. According to the Wall Street Journal, regulators in the European Union (EU) have said they may consider demanding concessions, including the selling off of some assets, with regard to the proposed takeover of TNT Express by FedEx Corp.

EU regulators could submit a formal complaint to FedEx within a couple of weeks, which could trigger new negotiations. Netherlands-based TNT, the subject of the takeover, issued a profit warning Oct. 5, but still secured shareholder approval for the US$4.9 billion takeover by FedEx.

TNT also reported that third-quarter adjusted operating profit was down compared to a year ago, due to economic woes in Brazil, China and Australia. TNT’s share price dropped 1.2 percent to $7.58, which is below FedEx’s offer of $9 per share..."

EU throws FedEx/TNT deal a curve | Air Cargo World

NoHaz

UPS Said to Turn Table on EU in Bid to Hinder FedEx-TNT Deal - Bloomberg Business

HercDriver130

You had to see this coming....