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Tuesday, April 7 (9:55) Update: 1 hr. 42 minutes ago
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In a joint statement, the company confirmed the transaction and agreement . The transaction will be closed by the end of the first half.
FedEx offered shareholders 8 TNT euros per share – a premium to the closing of 2nd April was 33 percent.
The acquisition takes place more than three years after the purchase offer TNT by United Parcel Service (UPS) for 5.2 billion euros. UPS resigned in January 2013. Because “a reasonable time” could not wait to antitrust approvals European institutions and the European Commission. Since then, TNT cut costs and separated by several companies.
The European headquarters of the combined companies will remain in the Netherlands. For the first time the brand TNT Express will remain on the market.
TNT in February reported that in 2014. Had a 196 million euro loss, revenue decreased by 3.2 percent. to 6.68 billion.
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FedEx Corporation (short for Federal Express) – American enterprise engaged in the carriage of parcels and logistics mainly by the aircraft. It has spread worldwide and has offices in 211 countries. Company listed on the NYSE.
The company was founded as Federal Express in 1971 by Frederick W. Smith in Little Rock, Arkansas, in 1973. However, due to a conflict with the airport authorities in Little Rock headquarters was moved to Memphis, Tennessee . The name of the company was chosen to facilitate the obtaining contracts from the US government. The company officially began its activities on 17 April 1973. Initially had 14 jets Dassault Falcon 20 and carries out the connection between the 25 cities in the US. FedEx was the first company that uses jet transport.
In April 2012, FedEx bought the Polish courier Opek Sp. z oo
The main rivals in the market for FedEx courier services are: DHL, UPS and USPS.
Christopher ant
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