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11
pages
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English
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Documents
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2015
Description
FedEx and TNT Express agree on recommended all-cash public offer for all TNT Express shares April 7, 2015 This is a joint press release by FedEx Corporation and TNT Express N.V., pursuant to Section 5 Paragraph 1 of the Decree on Public Takeover Bids (Besluit openbare biedingen Wft, the Decree) in connection with the intended public offer by FedEx Corporation for all the issued and outstanding ordinary shares in the capital of TNT Express N.V. 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. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Canada or Japan.TNT Transaction highlights: FedEx Corporation (FedEx) and TNT Express N.V. (TNT Express) reached conditional agreement on recommended all-cash public offer of €8.00 per ordinary TNT Express share. The Offer Price represents a premium of 33% over the closing price of 2 April 2015 and a premium of 42% over the average volume weighted price per TNT Express share of €5.63 over the last 3 calendar months. The transaction represents an implied equity value for TNT Express of €4.4 billion ($4.8 billion). Transaction unanimously recommended and supported by TNT Express’ Executive Board and Supervisory Board. High level of deal certainty. PostNL N.V.
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Publié par
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Publié le
07 avril 2015
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Langue
English