FedEx will formally launch its €4.4 billion ($4.9 billion) takeover bid for TNT Express on Aug. 24, offering €8.00 per share for the freight specialist, with the aim of completing the acquisition in the first half of 2016. If the deal succeeds, TNT Express’ European airline operations will be divested due to airline ownership regulations. “Where permitted by regulation, FedEx intends to transition TNT Express’ intercontinental air operations to FedEx,” ...

Subscribe to Access this Entire Article

"FedEx to launch formal offer for TNT Express" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.