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FedEx Acquires TNT Express

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To the extent information about such purchases or arrangements to purchase is made public in The Netherlands, such information will be disclosed by means of a press release or other means reasonably calculated to inform U. The brand name of TNT Express will be maintained for an appropriate period. They will be charged particularly with monitoring the compliance with the non-financial covenants in relation to the offer and have certain veto rights with respect to the non-financial covenants and in case of dilution of minority shareholders or unequal treatment which could prejudice the value of the shares of minority shareholders after the Offer. What it means to you: Our team members are committed to delivering the same exceptional service you expect from the FedEx and TNT brands. No purchases will be made outside the Offer in the United States by or on behalf of FedEx. This transaction allows us to quickly broaden our portfolio of international transportation solutions to take advantage of market trends — especially the continuing growth of global e-commerce — and positions FedEx for greater long-term profitable growth. Pre-Offer and Offer Conditions The commencement of the Offer is subject to the satisfaction or waiver either in whole or in part of pre-offer conditions customary for a transaction of this kind, including:• FedEx Corporation FedEx and TNT Express N. competition clearances having been obtained;• If your business is located in the U. Comparable rates, terms and conditions Have questions about the TNT integration? FedEx and TNT Express will ensure that the TNT Express group will remain prudently financed, including with respect to the level of debt, to safeguard business continuity and to support the success of the business. Accordingly, the Offer is subject to certain disclosure and other procedural requirements, including with respect to the Offer timetable and settlement procedures that are different from those applicable under U. In no event will any such purchases be made for a price per share that is greater than the Offer Price. Our team members are fully committed to delivering the same exceptional service you expect from FedEx Express and TNT, and you can rely on the same customer service team and sales representative that you currently deal with. Restrictions The distribution of this press release may, in some countries, be restricted by law or regulation. FedEx and TNT will continue to provide services as they do today. federal income tax purposes and under applicable state and local, as well as foreign and other tax laws. In addition, the financial advisors to FedEx may also engage in ordinary course trading activities in securities of TNT Express, which may include purchases or arrangements to purchase such securities. Exchange Act , and the rules and regulations promulgated thereunder, including Regulation 14E, and may be subject to the exemptions provided by Rule 14d-1 d under the U. Post-Closing Acceptance Period Shareholders may tender their shares under the Offer during a post-closing acceptance period na-aanmeldingstermijn which commenced at 09:00 hours, Amsterdam time, on 19 May 2016 and will expire at 17:40 hours, Amsterdam time, on 1 June 2016 the Post-Closing Acceptance Period. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Any TNT Express shareholder who is in any doubt as to his or her position should consult an appropriate professional advisor without delay. FedEx and TNT Express are confident that FedEx will secure all relevant completion approvals as soon as practicable. The content displayed on FindOpen consists of information from third parties, among others from publicly accessible sources, or from customers, who have a presentation page in the Cylex Business Directory. Transaction Details The proposed transaction envisions the acquisition of the Shares of TNT Express pursuant to a recommended public offer by FedEx. We have worked together to plan and optimise our local networks and all of our couriers have been trained to ensure you receive the same great service and support you always have. Copies of this Offer Document are also available free of charge from TNT Express, the Settlement Agent, ADS Tender Agent and the Information Agent at the addresses mentioned below. Commitment to exceptional service remains our number-one priority. For the time being, clearance operations at FedEx and TNT will continue to run independently for now. Any Shares and American depositary shares representing ordinary shares tendered prior to the date of this press release which are not withdrawn will remain subject to the Offer. no governmental or court order having been issued prohibiting the consummation of the transaction;• Non-financial Covenants FedEx has provided certain non-financial covenants with regard to the strategy, governance, employees, integration, the TNT Express brand and retention matters described above, as well as other matters. We will keep you updated as progress is made on our integration. In addition, shareholders may wish to consult with their tax advisors regarding the tax consequences of tendering their Shares under the Offer. The FedEx track record of successful acquisition integrations in the U. 14 over the last three calendar months. Governance TNT Express After successful completion of the Offer, the TNT Express Supervisory Board will be composed of three new members selected by FedEx being David Binks, Mark Allen and David Cunningham who will act as chairman and of two members of the current Supervisory Board of TNT Express qualifying as independent within the meaning of the Dutch Corporate Governance Code, being Margot Scheltema and Shemaya Levy Chocron the Independent Members. holders of TNT Express shares may not be able to sue a non-U. and pays shipping costs for items delivered to or originating from the U. no order, stay, injunction, judgement or decree having been issued by any court, arbitral tribunal, government, governmental authority, antitrust authority or other regulatory or administrative authority prohibiting the making or consummation of the transaction;• company or its officers or directors in a non-U. TNT Express customers would also benefit from access to the FedEx portfolio of solutions, including global air express, freight forwarding, contract logistics and surface transportation capabilities. If you have an existing relationship with both companies, please continue to reach out to your current contact in each company as you have before. You will continue to have access to the same services and support teams you trust. FedEx Express and TNT have worked together to plan and optimize the local ground network and maintained or improved coverage, cut-off and pick-up times without compromising the service you've come to expect from both brands. However, if you would like to start using the services of either company, we welcome your business. This is a phased approach, and we will keep you updated as we progress through this stage of integration. The parties have agreed to certain non-financial covenants including:• The proposed transaction will have no financing contingencies. no material breach of the Merger Protocol having occurred;• To the extent permissible under applicable law or regulation, including Rule 14e-5 of the US Exchange Act, in accordance with normal Dutch practice. and globally will serve the combined companies well to leverage investments in technology, infrastructure, facilities and operational capabilities to position the combined companies for long-term growth and success. We will keep you updated regarding our progress. There are no immediate changes to your existing clearance operations, services or times. no material adverse effect having occurred and is continuing;• TNT Express jointly announce that FedEx has acquired TNT Express. Together, FedEx and TNT Express will continue to make a difference in the lives of people around the world, further supporting the communities in which team members live and work, connecting even more people and possibilities. FedEx Express and TNT have worked together to plan and optimise the local ground network and maintained or improved coverage, cut-off and pick-up times without compromising the service you've come to expect from both brands. Management and Employees The combination offers a unique opportunity to strengthen the resource base of both companies, thereby offering prospects for employees of the combined companies. , September 14, 2020 — FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp. As a result, you might see a FedEx Express courier picking up or delivering a TNT shipment, and vice versa. holders of TNT Express Shares may not be able to sue a non-U. FedEx and TNT Express have very similar corporate cultures and values which will govern the future success of the combined companies. Smith, Chairman and CEO of FedEx Corp. , notes the sixth FedEx Trade Index 1 , a survey of 1,000 small business leaders which tracks the impact of international trade among the small business segment September 21, 2020 Today is an exciting day for FedEx because today, we build on our tradition of reinvention. Transaction Funding FedEx intends to finance the Offer by utilizing available cash resources and through existing and new debt arrangements. Long Stop Date As set out in the Offer Document, FedEx and TNT Express have agreed a final date in respect of the satisfaction of the Offer Conditions, which is set at June 6, 2016 Long Stop Date. FedEx and TNT Express will host a press conference today at 09:30 hours CET at the Amsterdam Hilton Apollolaan, which will be available via webcast FedEx will host an audio webcast for analysts and investors today at 07:30 hours CDT 14:30 CET. The combination of FedEx and TNT Express is not expected to raise antitrust concerns, principally as a result of the strengths of competitors in relevant markets. In the event that the Offer Condition relating to Competition Clearances is not satisfied or waived by the Long Stop Date, TNT Express shall be entitled to terminate the Merger Protocol. the Dutch Authority for the Financial Markets AFM having approved the offer memorandum;• In order to facilitate such integration, an Integration Committee will be established that will determine the integration plans, monitor their implementation and do all things necessary to successfully optimize the integration of the combined companies. November 12, 2020 ROUND ROCK, Texas; MEMPHIS, Tenn. no recommended Superior Offer as defined below having been agreed upon by the third-party offeror and TNT Express, or having been launched;• FedEx Express and TNT have worked together to plan and optimise local ground network and maintained or improved coverage, cut-off and pick-up times without compromising the service you've come to expect from both brands. The combined companies would be a strong global competitor in the transportation and logistics industry, drawing on the considerable and complementary strengths of both FedEx and TNT Express. , including all American depositary shares representing ordinary shares the Offer. FedEx and its affiliates or broker acting as agents for FedEx or its affiliates, as applicable may from time to time after the date hereof, and other than pursuant to the Offer, directly or indirect purchase, or arrange to purchase, ordinary shares of TNT Express that are the subject of the Offer or any securities that are convertible into, exchangeable for or exercisable for such shares. In time we will bring to you an enhanced portfolio of solutions to help you grow your business. TNT Express hereby jointly announce that the Acceptance Period for the recommended public offer for all the issued and outstanding ordinary shares in the capital of TNT Express N. The Offer will be made in the United States in compliance with Section 14 e of the U. , September 15, 2020 … FedEx Corp. no revocation or amendment of the recommendation by the Boards;• If you have any questions or suggestions regarding this matter, you are welcome to contact our customer support team. It expects to be able to finish the deal soon. There are no immediate changes to your sales representative, customer service team, how you manage your account, or billing and invoicing. The information in the press release is not intended to be complete. The brand names, logos, images and texts are the property of these third parties and their respective owners. FedEx and TNT Express anticipate that full integration of FedEx and TNT Express will deliver substantial operational, commercial, organizational and financial benefits which could not be fully achieved if TNT Express were to continue as a standalone entity with a minority shareholder base. There are no immediate changes to your pick-up and collection services as each company will continue to operate independently, for now. Once the integration is complete, FedEx expects customers to enjoy an expanded global offering that draws upon the breadth of expertise from both companies. For the avoidance of doubt, the dispensation of the AFM only pertains to the aforementioned further extension of the Acceptance Period and all other relevant provisions of the Decree and the DFSA remain applicable. To date the Offeror or its affiliates do not hold any Shares in the share capital of TNT Express. FedEx is making the Offer on the terms and subject to the conditions and restrictions contained in the Offer Document, dated 21 August 2015. TNT Express has also made available the Position Statement, containing the information required by Article 18, paragraph 2 and Annex G of the Decree in connection with the Offer. We will inform you when changes impact your area. If and when made, the consummation of the Offer will be subject to the satisfaction or waiver either in whole or in part of the following Offer conditions:• These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Here are some of the benefits:• As part of the local ground network integration, we are moving into one location to manage both FedEx Express and TNT shipments. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in TNT Express N. Competition Clearances Status The Acceptance Period has been extended because the Offer Condition with respect to Competition Clearances was not fulfilled upon expiration of the Acceptance Period at 17:40 hours CET on January 8, 2016. 00 per ordinary TNT Express share. Strong international and domestic coverage in Europe with an unparalleled European road network Our unparalleled European road network connects over 45 countries in Europe with more than 55,000 road trips made every week. Neither FedEx, nor TNT Express, nor any of their advisors assumes any responsibility for any violation by any of these restrictions. Such websites do not constitute a part of, and are not included or referred to in, the Offer Document. the Foundation not having exercised its call option to have preference shares in the capital of TNT Express issued to it, or the Foundation having exercised that call option in circumstances where such exercise is neither i detrimental to FedEx or ii in connection with a mandatory offer pursuant to Dutch law for all Shares by a third-party unrelated to FedEx and the Foundation having agreed to terminate the Foundation call option agreement effective as per the Settlement, subject only to the Offer being declared unconditional gestanddoening. With TNT Express and Economy Express delivery services, customers have a single supplier to cater for all their shipping needs. The further extension of the Acceptance Period complies with a dispensation ontheffing granted to the Offeror by the AFM. This announcement does not constitute an offer, or any solicitation of any of fer, to buy or subscribe for any securities in TNT Express N. Exchange Act and otherwise in accordance with the requirements of Dutch law. Earlier, the EU rejected a bid by UPS to acquire TNT for the same reason. FedEx Corporation FedEx , FedEx Acquisition B. Contacts for Domestic enquiries Customer Service: 03456 00 00 68 Our team is available Monday to Friday from 08:00 to 18:00 and Saturday from 08:00 to 12:00. What it means to you: FedEx team members are committed to delivering the same exceptional service you've come to expect from TNT. Existing employment terms of TNT Express will be respected. Notice to US holders of TNT Express Shares The Offer will be made for the securities of TNT Express, a public limited liability company incorporated under Dutch Law, and is subject to Dutch disclosure and procedural requirements, which are different from those of the United States. Our teams are committed to delivering the same exceptional service you expect from both brands. A meeting with your new sales representative, if applicable• Currently, the company falls behind key competitors like DHL, UPS, and TNT. FedEx Express couriers picking up and delivering TNT shipments• It intends to gain better market share against its competitors in the European market. federal securities laws, since TNT Express is located in a country other the United States, and some or all of its officers and directors may be residents of country other than the United States. This deal poses a formidable challenge to other players in the market. holder of TNT Express shares may be a taxable transaction for U. Morgan Securities LLC, and its legal advisors are NautaDutilh N. Our integration has a phased approach with countries going through integration in phases. Your courier has been trained to have the necessary knowledge about FedEx Express and TNT services. Use the links and tools below to get more control over your deliveries and help keep your holiday plans on course. Neither FedEx, nor any of its advisors, accepts any responsibility for any financial information contained in this press release relating to the business, results of operations or financial condition of FedEx or any of its groups. In the event of a Superior Offer, FedEx will be given the opportunity to match such offer, in which case the Merger Protocol may not be terminated by TNT Express. More than 340,000 FedEx team members are absolutely, positively focused on safety, the highest ethical and professional standards and the needs of our customers and communities. Neither FedEx, nor TNT Express, nor any of their advisors assumes any responsibility for any violation of any of these restrictions. There are no immediate changes to: your booking solutions, assigned courier, pick-up and delivery schedules your sales representative your customer service team your rates and terms and conditions how you manage your account, billing and invoicing Successful integrations take time and maintaining the quality of our service to you is our priority. This means the outstanding services you receive today will stay the same. You can rely on the same assigned courier, customer service team and sales representative that you are currently dealing with. small business leaders think expanded trade between the United States and other countries creates opportunity and jobs in the U. in connection with the recommended public offer by FedEx Acquisition B. Smith, Chairman and CEO of FedEx. To find out more about the services of each company, please contact FedEx or TNT customer service. The information in this announcement is not complete and additional information is contained in the Offer Document and the Position Statement. FedEx Corporation FedEx , FedEx Acquisition B. However, FedEx expects this probe to go smoothly. The combined companies will cooperate to avoid any significant redundancies in the global or Dutch work forces. For now, FedEx and TNT will continue to provide services as they do today. 00 in cash to be paid to the holders of Shares in the Offer was fair from a financial point of view to TNT Express shareholders in the Offer and to the holders of Shares and ii the purchase price to be paid to TNT Express for the entire TNT Express business under the proposed Asset Sale as described below was fair from a financial point of view to TNT Express. To learn how to ship with FedEx Express, please visit fedex. The deal will help the company lower its first and last-mile costs like pickup and drop-off costs in the region since TNT has a huge network of delivery depots and lorries. This announcement does not constitute an offer to sell or the solicitation of an offer to buy or acquire the securities of TNT Express in any jurisdiction. The company offers road and air delivery services in Europe, the Middle East and Africa, Asia-Pacific and the Americas. FedEx and TNT Express Jointly Confirm Further Extension of Acceptance Period for Public Offer Memphis, Tennessee; Hoofddorp, the Netherlands — January 8, 2016 — FedEx Corporation FedEx NYSE:FDX , FedEx Acquisition B. It has seen investment from foreign companies that want make use of this opportunity to expand their operations, gain market share, and take advantage of the lower euro. FedEx has settled the TNT Express Shares tendered in the Acceptance Period• holders of TNT Express Shares to enforce their rights and claims arising out of the U. Reputation for outstanding customer experience At TNT, we care about our customers. Live Webcast David Bronczek, President and CEO, FedEx Express, David Binks, President of FedEx Express Europe and Tex Gunning, CEO of TNT Express will host a press conference today at 11:00 hours CET at The Conservatorium Hotel Amsterdam, which will be also available via live webcast at the following web address: Additional media resources are available through the and. The information in the press release is not intended to be complete, for further information reference is made to the Offer Document. Throughout the integration journey, exceptional service will remain our number-one priority. To find if your destination country is integrating, please contact FedEx Express or TNT customer service. Over time we will introduce our customers to an enhanced portfolio of services and solutions. Transaction highlights:• The Offeror confirms that the Offer Document is up to date in all material respects in the sense that it contains all material information required for shareholders to adequately consider the Offer. However, we are determined to introduce opportunities to further benefit our joint customers. Our team members are fully committed to delivering the same exceptional service you expect from FedEx Express and TNT. no third party being obliged and has announced to make, or has made a mandatory offer pursuant to Dutch law for consideration that is at least equal to the Offer Price, or in connection with which no preference shares in the capital of TNT Express are outstanding;• 63 over the last 3 calendar months. September 14, 2020 MEMPHIS, Tenn. Any offer will be made only by means of an offer memorandum. FedEx and TNT Express employees share a commitment to serving customers and delivering value for shareholders and supporting the communities they live and work in. Based on the required steps and subject to the necessary approvals, FedEx and TNT Express anticipate that the Offer will close in the first half of calendar year 2016. Neither FedEx nor TNT Express, nor any of their advisors, accepts any responsibility for any financial information contained in this press release relating to the business, results of operations or financial condition of the other or their respective groups. Optimized to collect and deliver parcels and pallets, it is powered by the combination of global and regional air connections and regional road networks in Europe, the Middle East, South Africa, South America and Asia. FedEx and TNT are coming together to connect you to more opportunities. September 15, 2020 MEMPHIS, Tenn. Bringing FedEx and TNT together will allow us to build upon the strengths of both companies, leading to a brighter future, connecting even more people and possibilities around the world. FedEx and TNT Express continue to work constructively with the regulatory authorities to obtain clearance of the transaction in the remaining jurisdictions, including Brazil and China. To the extent permissible under applicable law or regulation, including Rule 14e-5 of the U. For the time being, FedEx Express and TNT will continue to provide services as they do today in countries that are not yet integrating locally. , FedEx Executive Vice President and Chief Financial Officer. TNT customers can expect outstanding service, knowledgeable staff, proactivity and commitment to deliver on our promise. The Offeror has agreed that it will accept valid tenders of book-entry ADSs until 17:00 hours New York time on 1 June 2016. holder of TNT Express Shares may be a taxable transaction for U. FedEx Express and TNT will continue to provide services as they do today. In no event will any such purchases be made for a price per share that is greater than the Offer price. no Superior Offer as defined below having been agreed upon by the third-party offeror and TNT Express, or having been launched;• On a daily basis, TNT Express delivers close to one million consignments ranging from documents and parcels to palletised freight. Until then, it's business as usual. In order to provide the best possible service during this busy time of the year, FedEx is increasing hours for some existing employees and boosting our workforce with. April 7, 2015 This is a joint press release by FedEx Corporation and TNT Express N. October 29, 2020 WASHINGTON, D. We will keep you updated as progress is made on integration in other regions. Otherwise, please contact TNT Customer Service on 13 11 50 for TNT services and FedEx Express Customer Service on 13 26 10 for FedEx Express services. no material breach of the Merger Protocol having occurred;• The FedEx global network provides time-sensitive, express services through 375 airports worldwide. For the time being, FedEx Express and TNT will continue to provide services as they do today in countries that are not integrating locally. FedEx will strengthen TNT Express with investment capacity, sector expertise and global scope. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. From 1 June 2020, we will begin to bring together our FedEx Express and TNT ground operations across Australia. Neither FedEx, nor any of its advisors, accepts any responsibility for any financial information contained in this press release relating to the business, results of operations or financial condition of the other or their respective groups. The receipt of cash pursuant to the Offer by a U. Gunning and De Vries will be members of the Integration Committee for TNT Express. Our customers in Australia will benefit from this integration. In 2019, our Australian FedEx Express and TNT sales teams came together into one team. Round-the-clock support from our customer service team• Remaining Shares can still be tendered in the Post-Closing Acceptance Period Combination Builds Upon Competitive Positioning in Global Transportation and Logistics Industry MEMPHIS, Tenn. This will bring compute, storage and connectivity to the network edge and help customers overcome performance barriers for latency-sensitive applications. FedEx Express and TNT have worked together to plan and optimise the local ground network and maintained or improved coverage, cut-off and pick-up times without compromising the service you've come to expect from both brands. 7 Withdrawal Rights of the Offer Document. The TNT Express shareholders shall be requested to i resolve on amendment of the TNT Express Articles of Association, ii accept the resignation of the resigning members of the Boards, provide discharge to each member of the Boards and appoint the new members to the Boards and iii approve the Asset Sale and Liquidation and conversion of TNT Express into a BV. As part of the local ground network integration, we are moving into one location to manage both FedEx Express and TNT shipments. The Offer Condition regarding Competition Clearances relates to obtaining competition approval from the relevant antitrust authorities in the EU, Brazil, China and the United States of America. NYSE: FDX , will increase shipping rates beginning January 4, 2021. This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice or an inducement to enter into investment activity. Liege will be maintained as a significant operation for the group going forward. Employees will enjoy further growth opportunities with the extended reach and propositions offered by the combined organization. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Remaining Shares can still be tendered in the Post-Closing Acceptance Period Memphis, Tennessee; Hoofddorp, the Netherlands — May 25, 2016 — FedEx Corporation FedEx NYSE:FDX , FedEx Acquisition B.。

FedEx Acquires TNT Express

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FedEx Acquires TNT Express

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Will the TNT Express Deal Benefit FedEx?

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FedEx and TNT are coming together to connect you to more opportunities

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Will the TNT Express Deal Benefit FedEx?

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FedEx Express

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Latest Global News

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