Courier Industry: FedEx's Bid For TNT Will Create A More Competitive Market |
|
April 10, 2015 |
April 2015 Bond Updates
|
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.
|
|
View more at: http://www.forbes.com/sites/rogeraitken/2015/04/09/courier-industry-fedexs-bid-for-tnt-will-create-a-more-competitive-market/
|