Two of the biggest transportation and logistics companies, FedEx and TNT Express, are set to merge with the signing of a conditional agreement for FedEx to purchase TNT Express for approximately €4.4bn ($4.8bn).
The conditional agreement involves an all-cash offer of €8 per share for all issued and outstanding ordinary shares in TNT Express, including shares represented by American Depositary Receipts. The Offer Price represents a premium of 33% over the closing price of 2 April 2015 and a premium of 42% over the average volume weighted price per…
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