FedEx to move forward with TNT Express merger
Aug. 21, 2015 6:54 AM ETFedEx Corporation (FDX)FDX, TNTEYBy: Clark Schultz, SA News Editor
- FedEx (NYSE:FDX) says it will launch its $4.8B offer for TNT Express (OTCPK:TNTEY) on Monday through a public cash offer.
- The full transaction is expected to be completed in the first half of 2016.
- The merger of the shipping giants is seen as complimentary with FedEx's strong presence in North American and Asia combining with TNT's business in Europe.