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Courier Industry: FedEx's Bid For TNT Will Create A More Competitive Market

2015-04-10 09:12:37| Air Courier - Topix.net

I am a freelance financial journalist based in London and former FT staff writer covering stock exchanges and transaction services. In recent years I have written for a number of trade titles like Futures & Options World , magazines such as the FT's Investors Chronicle and UK national newspapers like The Independent.

Tags: create market industry bid

 

FedEx Ready to Expand its Footprint in Europe with TNT Takeover

2015-04-09 19:42:34| Trucking - Topix.net

Package delivery services FedEx , announced its plans to take over TNT Express , a world renowned international courier and delivery service, headquartered in Hoofddorp, Netherlands. This move is seen as FedEx's attempts to expand its presence in Europe, where the delivery giant has not been able to capture market share as in the USA.

Tags: with europe ready expand

 
 

FedEx (FDX) Stock Dips Today After Announcing Planned TNT Express Acquisition

2015-04-09 16:48:35| Air Courier - Topix.net

"[FedEx CEO] Fred Smith's a genius in his timing." FedEx said Tuesday that it had reached a conditional agreement with TNT on an all-cash offer of $8.75 a share, which represents a 33% premium to the company's closing price before the deal was announced.

Tags: today stock express planned

 

TNT Express Takeover: This Time Is Different

2015-04-09 00:59:01| Trucking - Topix.net

Nearest catalyst could be early October although we expect positive ticks in the next three months. Nominal valuation lower than the UPS offer 2 years ago, but more valuable in real terms, considering the current state of TNT Express.

Tags: time express tnt takeover

 

Fred Smith: FedEx, TNT Businesses 'Highly Complimentary'

2015-04-08 11:56:21| Air Courier - Topix.net

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Fred Smith, chief executive officer for FedEx Corp., talks about the parcel-delivery company's agreement to buy TNT Express NV for 4.4 billion euros .

Tags: highly smith businesses fred

 

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