FedEx’s acquisition of TNT enters Phase II

FedEx Corp. has confirmed today that the European Commission has initiated a Phase II review in connection with FedEx’s intended public offer to acquire all the issued and outstanding shares of TNT Express N.V. This is the next step in the process where the European Commission conducts an in-depth analysis under the EU Merger Regulation before coming to a decision.


FedEx Corp. has confirmed today that
the European Commission has initiated a
Phase II review in connection with FedEx’s
intended public offer to acquire all the
issued and outstanding shares of TNT
Express N.V. This is the next step in the
process where the European Commission
conducts an in-depth analysis under the
EU Merger Regulation before coming to
a decision.
“We will continue to work together
with TNT Express to meet the European
Commission’s need for additional due
diligence and are confident that the
combination of both companies will
increase competition and create benefits
for customers,” said David Binks,
president, FedEx Express – Europe. “We
continue to make progress on all of the
necessary regulatory steps around the
world that would allow us to complete
this transaction in the first half of 2016
and unite two great teams that share a
passion for customer service.