TNT Express

Earlier this week, Atlanta-based transportation and logistics bellwether UPS received some potentially good news when the European Court of Justice said that a previous decision by anti-trust regulators in 2013 to prevent UPS’s intended acquisition of TNT Express NV, a provider of mail and courier services and the fourth largest global parcel operator, is to be annulled, according to media reports.

FedEx subsidiary TNT Express continues to deal with the pain and problems caused by the Petya technology virus, FedEx stated in a 10-K filing with the United States Securities and Exchange Commission yesterday.

Effective early next month, FedEx Express, a subsidiary of FedEx will roll out a new flight that connects the Liège, Belgium-based TNT European air hub to the Memphis, Tenn.-based FedEx World Hub, the company said this week.

The $4.8 billion acquisition of Netherlands-based TNT Express-NV, a provider of mail and courier services and the fourth largest global parcel operator, by transportation and logistics services provider FedEx was made official today.

Following news earlier this month that the planned $4.8 billion acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator, by FedEx may be showing signs of coming closer to fruition, with TNT’s shareholders formally giving their blessing on the proposed deal, the deal’s prospects improved further yesterday.

The planned $4.8 billion acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator, by FedEx may be showing signs of coming closer to fruition, with TNT’s shareholders formally giving their blessing on the proposed deal.

The current status of FedEx’ planned acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which was initially announced in April, remains in flux, with continued actions being taken by the European Commission.

FedEx recently took another step in its plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which it announced in early April. The company said it has “submitted the required filing to the European Commission to obtain regulatory clearance in connection with the intended recommended public cash offer all issued and outstanding ordinary shares in the capital of TNT Express.”

In a move with major implications for the global express delivery and parcel sectors, FedEx said today it plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion.

TNT Express, a Netherlands-based provider of mail and courier services and the fourth largest global parcel operator, said this week it is making several moves to improve profitability between now and 2015.

Lack of clearance from European Commission halts UPS' plans for significant European expansion

Expected decision to nix the deal halts UPS' plans for significant European expansion

Bloomberg report states UPS recently received antitrust objections from regulators which listed potential problems with the deal, including how buying TNT would remove one of the few serious competitors in the European delivery services market.

The Netherlands Authority for the Financial Markets (AFM) granted an exemption to extend the Offer Period for the proposed acquisition of TNT by UPS.

The latest chapter regarding UPS’s planned $6.28 billion acquisition of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, came late last week in the form of a Statement of Objections (SO) from the European Commission.