FedEx Corp. said it plans to pay for the majority of its $5 billion purchase of Dutch parcel and freight carrier TNT N.V. with the U.S. buyer鈥檚 own funds.
May 13, 2015Business
FedEx, TNT See 鈥楾imely Progress鈥 on Merger Deal
FedEx Corp. and Netherlands-based TNT Express provided an update on their planned combination, noting 鈥渢imely progress鈥 on their $4.8 billion deal and saying it could take one year to obtain all regulatory approvals.
May 1, 2015Business
FedEx Agrees to Buy TNT Express for $4.8 Billion
FedEx Corp. and Netherlands-based TNT Express announced a conditional agreement for the U.S. company to buy the package, freight and logistics operator for $4.8 billion.
April 7, 2015Business
TNT Express Posts Loss on Restructuring, Provision in France
TNT Express NV reported a quarterly loss as restructuring measures and a provision to cover potential costs from an investigation into alleged anti-competitive behavior in France bit into the Dutch logistics company鈥檚 earnings.
October 27, 2014Business
TNT Express鈥 1Q Income Drops
European package carrier TNT Express鈥 first-quarter net income dropped, the Wall Street Journal reported.
April 28, 2014Business
UPS Appeals EU鈥檚 Rejection of Bid to Buy TNT Express
UPS Inc. has appealed the European Union鈥檚 decision to block its $6.8 billion bid to buy European package firm TNT Express, seeking to clarify the regulator鈥檚 legal arguments but not to renew its interest in the deal, Bloomberg News reported Monday.
April 8, 2013Business
TNT Express Selects New CEO
TNT Express said it has appointed Tex Gunning to be its next CEO, effective June 1.
February 26, 2013Business
TNT Express Reports 4Q Loss
European package carrier TNT Express reported a fourth-quarter loss and said it would sell units in Brazil and in China, Reuters reported.
February 19, 2013Business
UPS Ends Bid to Buy TNT Express
UPS Inc. has abandoned its $6.8 billion bid to buy European package carrier TNT Express NV after European regulators moved to block the deal, Bloomberg News reported Monday.
January 14, 2013Business
TNT Express Chief Resigns
TNT Express CEO Marie-Christine Lombard has resigned amid an extended European Union antitrust review of UPS Inc.鈥檚 $6.5 billion bid to buy TNT, Bloomberg reported Monday.
September 24, 2012