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11-Jan-2016 6:59 AM

European Commission approves FedEx takeover of TNT Express

FedEx and TNT Express received (08-Jan-2016) unconditional approval from the European Commission for FedEx's offer to acquire all issued and outstanding ordinary shares in TNT Express. The acceptance period for the offer was extended to no later than 06-Jun-2016. FedEx is seeking competition clearance in remaining jurisdictions, including Brazil and China, and expects the offer to close in 1H2016. [more - original PR - European Commission] [more - original PR - FedEx/TNT] [more - original PR - FedEx/TNT - 2]

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