Publish Date : 13 May 2016 23:30 CET –
Memphis, Tennessee; Hoofddorp, the Netherlands
This is a joint press release by FedEx Corporation, FedEx Acquisition B.V. and TNT Express N.V. pursuant to the provisions of Article 5:25i paragraph 2 of the Dutch Act on Financial Supervision (Wet op het Financieel Toezicht) and Article 4 paragraph 3 of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft, the Decree) in connection with the recommended public offer by FedEx Acquisition B.V. for all the issued and outstanding ordinary shares in the share capital of TNT Express N.V., including all American depositary shares representing ordinary shares (the Offer). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in TNT Express N.V. The Offer is made solely pursuant to the offer document, dated August 21, 2015 (the Offer Document), approved by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) (the AFM). Terms not defined in this press release will have the meaning as set forth in the Offer Document.
- Results as of Acceptance Period close on 13 May 2016
- Offeror will announce no later than 19 May 2016 whether it declares the Offer unconditional
FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) jointly announce that after the expiry today at 17:40 hours Amsterdam time of the Acceptance Period and after the expiry of the period for tendering book-entry ADSs at 17:00 hours New York Time of the Offeror’s recommended all-cash public offer for all the issued and outstanding ordinary shares of TNT Express (the Shares), 88.4% of the total number of shares have been tendered for acceptance.
In accordance with Section 16, paragraph 1 of the Decree and Section 5.5 of the Offer Document, the Offeror will announce whether it declares the Offer unconditional no later than Thursday, 19 May 2016.
Read more at tnt.com