FedEx to acquire TNT Express


 

FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty. The offer already has the backing of PostNL (parent company of Whistl, formerly TNT Post) – which is tendering its 14.7% shareholding in TNT Express. In a joint statement, both parties said that the existing employment terms at TNT Express will be respected and TNT Express’ European headquarters would remain in […]