FedEx has said it is making “timely progress” with its plans make an offer for 100% of Dutch integrator TNT Express, although it may need more time from Dutch authorities. The €4.4 billion ($4.9 billion) offer, which was announced in April, requires competition clearances from various bodies in Brazil, China, the European Union, the Netherlands and the US. Although the competition approval process is “proceeding without delays,” FedEx warned that the formal ...

Subscribe to Access this Entire Article

"FedEx: TNT Express takeover on track" 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? ATWPlus@penton.com.

Already registered? here.