Brazil’s Conselho Administrativo de Defesa Econômica Unconditionally Approves FedEx Intended Acquisition of TNT Express
February 02 2016 - 01:00AM
Business Wire
This is a joint press release by FedEx Corporation, FedEx
Acquisition B.V. and TNT Express N.V. in connection with the
recommended public offer by FedEx Acquisition B.V. for all the
issued and outstanding ordinary shares in the capital of TNT
Express N.V., including all American depositary shares representing
ordinary shares (the Offer). This announcement does not
constitute an offer, or any solicitation of any offer, to buy or
subscribe for any securities in TNT Express N.V. The Offer is made
solely pursuant to the offer document, dated August 21, 2015 (the
Offer Document), approved by the Netherlands Authority for
the Financial Markets (Autoriteit Financiële Markten) (the
AFM). Terms not defined in this press release will have the
meaning as set forth in the Offer Document.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160201006459/en/
FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition
B.V. (the Offeror) and TNT Express (TNT Express)
jointly announce that they have obtained the unconditional approval
from the Conselho Administrativo de Defesa Econômica (CADE) in
connection with the Offer.
“We are very pleased with the unconditional approval from the
Brazilian regulatory authority,” said David Bronczek, President and
CEO, FedEx Express. “Once the acquisition is closed, we look
forward to the opportunities it will bring to our employees,
customers and shareholders in Latin America and across the
globe.”
On January 8, 2016, FedEx and TNT Express announced that the
Acceptance Period for the Offer has been extended until two weeks
following the satisfaction or waiver of the Offer Condition with
respect to Competition Clearances.
The Offer Condition regarding Competition Clearances relates to
obtaining competition approval from the relevant antitrust
authorities in the EU, Brazil, China and the United States of
America. The companies recently announced the unconditional
approval from the United States and the European Union. Under
Brazilian law, the decision may be appealed within 15 calendar days
of the official publication of the decision. FedEx and TNT Express
continue to work constructively with the regulatory authorities to
obtain clearance of the transaction in the relevant jurisdictions,
including China. FedEx and TNT Express are making timely progress
and continue to anticipate that the Offer will close in the first
half of calendar year 2016.
About FedEx Corp.
FedEx provides customers and businesses worldwide with a broad
portfolio of transportation, e-commerce and business services. With
annual revenues of $49 billion, the company offers integrated
business applications through operating companies competing
collectively and managed collaboratively, under the respected FedEx
brand. Consistently ranked among the world’s most admired and
trusted employers, FedEx inspires its more than 340,000 team
members to remain “absolutely, positively” focused on safety, the
highest ethical and professional standards and the needs of their
customers and communities.
For more information, please visit www.fedex.com
About TNT Express
TNT Express is one of the world’s largest express delivery
companies. On a daily basis, TNT Express delivers close to one
million consignments ranging from documents and parcels to
palletised freight. The company operates road and air
transportation networks in Europe, the Middle East and Africa,
Asia-Pacific and the Americas. TNT Express made €6.7 billion in
revenue in 2014.
For more information, please visit www.tnt.com/corporate
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version on businesswire.com: http://www.businesswire.com/news/home/20160201006459/en/
FedEx Corp.Media:Patrick Fitzgerald,
+1-901-818-7300patrick.fitzgerald@fedex.comorMedia Contacts –
Europe:Citigate First FinancialUneke Dekkers/Vivian ten Have,
+31 (0) 20 575 40 10Mobile: +31 (0) 6 50261626 / +31 (0) 6
46233900orFedEx Investor Relations:Mickey Foster,
+1-901-818-7468mickey.foster@fedex.comorTNT
ExpressMedia:Cyrille Gibot, +31 88 393 9390Mobile: +31
65 113 3104cyrille.gibot@tnt.comorInvestor Relations:Gerard
Wichers, +31 88 393 9500gerard.wichers@tnt.com
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