US courier giant FedEx Corporation’s (FedEx) €4.4 billion (c.$4.8bn/£3.2bn) bid for Dutch rival package delivery firm TNT Express N.V. to expand its European operation has sparked a boost in courier company shares. A joint statement on the FedEx website from both groups states that a “conditional agreement on a recommended all-cash public of €8.00 per ordinary TNT Express share” had been reached - a 33% premium on TNT’s closing share price before the announcement came this April.
Courier Industry: FedEx's Bid For TNT Will Create A More Competitive Market
Forbes - 9 Apr 2015 23:09
US courier giant FedEx Corporation’s (FedEx) €4.4 billion (c.$4.8bn/£3.2bn) bid for Dutch rival package delivery firm TNT Express N.V. to expand its European operation has sparked a boost in courier company shares. A joint statement on the FedEx website from both groups states that a “conditional agreement on a recommended all-cash public of €8.00 per ordinary TNT Express share” had been reached - a 33% premium on TNT’s closing share price before the announcement came this April.
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