FedEx and TNT deal to complete this month


FedEx’s €4.4bn (£3.4bn) takeover of TNT Express is set to complete later this month, just over a year since the parcel giants announced the deal. In a joint statement today, the businesses said 88.4% of TNT Express’s shares had been tendered during the acceptance period that ended on 13 May. FedEx will pay the offer price on 25 May. FedEx said shareholders who have not yet tendered their shares will have the opportunity to in a post-closing acceptance period, which will […]