FedEx is making $4.8 billion public cash offer for TNT
“This is an important transaction for FedEx, and the offer represents positive news for all stakeholders,” said David Binks, regional president of Europe, FedEx Express.
“We believe the combination will provide significant value to both companies and both sets of shareholders. FedEx is delighted by the unanimous support from the Executive Board and the Supervisory Board.”
The offer values 100% of the shares at € 4.4 billion ($4.8 billion). FedEx has confirmed in a press release dated May 13, 2015 that it will be able to finance the aggregate consideration of the offer.
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