FedEx and TNT Express Jointly Confirm Acceptance Period for Public Offer Extended until January 8, 2016
During the extended Acceptance Period, Shares and American depositary shares representing ordinary shares tendered during the initial Acceptance Period may be withdrawn in accordance with the provisions of Article 15, paragraph 3 of the Decree. ExtensionThe Acceptance Period has been extended because not all Offer Conditions, in particular the Offer Condition relating to Competition Clearances, were fulfilled upon expiry of the initial Acceptance Period at 17:40 hours CET on October 30, 2015. The networks of TNT Express and FedEx are largely complementary, given that FedEx’s strength is providing US domestic and extra-EEA international services, while TNT Express’ focus is on providing intra-European services. On a daily basis, TNT Express delivers close to one million consignments ranging from documents and parcels to palletised freight. FedEx and TNT Express anticipate making a filing in the U.S. before the end of the calendar year.