TNT Express N.V.
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Publicatie datum
01 mei 2015 - 08:00
Statutaire naam
TNT Express N.V.
Titel
Joint press release: Update on the intended offer by FedEx for TNT Express
Bericht
Memphis, Tennessee; Hoofddorp, the Netherlands - May 1, 2015
Reference is made to the joint press release by FedEx Corporation (FedEx) and TNT Express N.V. (TNT Express) dated 7 April 2015 in respect of the intended recommended public cash offer for all issued and outstanding ordinary shares in the capital of TNT Express at an offer price of €8.00 (cum dividend) for each TNT Express ordinary share (on a fully diluted basis), subject to customary condi-tions (the Offer).
Status update for FedEx's Intended Offer for TNT Express
Pursuant to the provisions of Section 7, paragraph 1 sub a of the Decree requiring a public an-nouncement within four weeks following the announcement of an intended public offer to provide a status update, FedEx and TNT Express provide the following joint update.
FedEx and TNT Express confirm that the companies are making timely progress on the preparations for the Offer. FedEx expects to submit a request for review and approval of its Offer Document with the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, AFM) in any event before June 30, 2015, which is the date by which under Dutch law a request for approval must be submitted to the AFM.
In addition, FedEx and TNT Express confirm that the process to obtain the required regulatory merger control approvals for the Offer is proceeding without delays. The Offer will be conditional upon FedEx obtaining the required competition clearances in the European Union, China, Brazil and, to the extent applicable, the United States of America. FedEx and TNT Express remain confident that substantive anti-trust concerns, if any, can be addressed adequately and in a timely fashion. Although FedEx and TNT Express aim to obtain the required regulatory clearances as soon as possible, it is noted that completing the formal clearance procedures could take up to one year. As such, it may be required to obtain an exemption from the AFM to (further) extend the offer period.
Datum laatste update: 27 juli 2024