FedEx to buy TNT Express for $4.8BN

FedEx to buy TNT Express for $4.8BN
Matt Clinch | @mattclinch81
16 Mins Ago
CNBC.com
17
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U.S. courier delivery company FedEx has highlighted its intentions to expand globally with the purchase of Dutch-based rival TNT Express on Tuesday morning.
The deal is a all-cash public offer that values the European company at $4.8 billion and conditionally means that shares of TNT Express would be offered at 8 euros each.

It would also mean the combined European headquarters of the two firms would be in Amsterdam, the Netherlands, and Fedex stated in the press release that new debt arrangements would help fund the agreement.

Ups tried that but the regulators stopped it, it will be interesting to see if they do the same to fdx

Now that's funny.

I thought Lil Jerry was from DHL?

I wish I could find the link but shorty after the failed Ups takeover bid a person involved in the negotiations was being interviewed on a German business news channel and I remember him saying that if fedex had tried a similar purchase they wouldn't block it because they (FDX) have a smaller footprint in the EU. Besides, today tnt is a much smaller, and profitable, company. The deal most definitely will get approved.

By eliminating a European competitor when FedEx takes over DHL, UPS will realize an increase in market share with improved synergies related to its core focus on service and internal cost cutting.



Was that close enough ?

Rumor has it the company already knew this was going to happen when it cancelled new hire classes.

There is now a MEGA system bid in the works that will open CGN as a domicile to take advantage of new network flying when this deal is approved. 400 new hires in 2015 for this addition to the system.

AND, they are going to keep the water system operable on our B747s.

All of the above has been verified by the van driver.

You're a little late as April Fools Day was last week.

At Brown, we have 365 Fools Days a year !

Now that's funny. Gotta have a sense of humor in this business, right?

Announcement coincidently on the 21st anniversary of the FDX705 hijacking!