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TNT Express CEO Lombard resigns
September 26, 2012
Earlier this week, the Supervisory Board of TNT Express, a Netherlands-based provider of mail and courier services and the fourth largest global parcel operator, announced that Marie-Christine Lombard, TNT Express CEO, resigned “to pursue an external career opportunity.”
UPS expects acquisition of TNT to be completed by early 2013
September 6, 2012
UPS says Offer Period for deal is officially extended.
Report: EU extends time period for review of UPS’s acquisition of TNT Express
July 31, 2012
A recent Bloomberg report stated that European Union (EU) regulators have extended their review of UPS’s bid to acquire Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator for $6.28 billion by ten working days until December 12.
Offer period for acquisition of TNT Express by UPS is extended
July 16, 2012
Late last week UPS said that the European Commission’s review of the proposed acquisition is now expected to move to a “Phase II review,” because there are facets of the deal that require more time to analyze.
UPS commences offer period for acquisition of TNT Express
June 21, 2012
UPS and Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, said today that UPS’s $6.5 billion cash offer for TNT, which was announced in March, commences tomorrow and will run through August 31.
FedEx says it is in talks to possibly acquire France-based express transportation provider
April 17, 2012
FedEx said this morning it is in discussions about a potential plan to acquire TATEX, a France-based B2B express transportation company focused on heavy shipments. This potential deal follows FedEx’ early April acquisition of Poland-based courier company Opek Sp.Z o.o.
FedEx stays the course in Europe, despite pending UPS-TNT deal
March 22, 2012
CEO Fred Smith says FedEx has a profitable multi-billion dollar business in Europe and it is growing strongly.
UPS reaches agreement to acquire TNT’s Express business
March 19, 2012
In what can potentially be viewed as a significant game changer for the global logistics and express delivery sectors, UPS and Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, said today they have reached an agreement in which UPS will acquire TNT Express for roughly $6.77 billion ($5.16 billion euro). The agreement is an all-cash offer of $9.50 per ordinary share for TNT Express.