Memphis – The US group wants its Dutch competitor FedEx TNT Express incorporate and provides for 4.4 billion euros. The most important rival in Europe is the German postal
The deal is agreed. The TNT Management recommends that its shareholders accept the offer. In the first half of 2016, the merger should be signed and sealed. TNT major shareholder PostNL will repel his stake of about 15 percent while completely.
At the American TNT parcel service UPS had two years ago already interest. Its 5.2 billion euros severe takeover attempt failed, however, the resistance of the European Commission. The authority saw the competition in several European countries in danger. Early 2013 UPS pulled its offer.
FedEx and TNT were convinced that supervisors by waving the now proposed merger. In the relevant markets, competitors are strong enough, a statement said.
Deutsche Post CEO Frank Appel had already been shown in the bid for UPS left emphasized. The postal know from personal experience how long it could take to integrate a bought-companies, he said in 2012. “This must be the client business does not necessarily get well.”
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