FedEx (FDX) Does Homework on TNT Express, Gets Rewarded
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FedEx (FDX) TNT Deal Adds 10% Upside, Citi Says
April 7, 2015 10:57 AM EDTCiti analyst Christian Wetherbee weighed in on FedEx (NYSE: FDX) after the company reached a deal to acquire TNT for $4.8 billion, which was ~30% below the $6.9 billion offer UPS (NYSE: UPS) made in 2012. The deal, according to the analyst, adds 10% upside from Mondays closing price.
Wetherbee commented, "Using consensus EBITDA, the... More
UPS (UPS) on Watch; FedEx (FDX) Offers ~$4.8B for TNT Express
April 7, 2015 6:22 AM EDTUPS (NYSE: UPS) is on watch Tuesday following overnight news that FedEx (NYSE:... More
FedEx (FDX) to Acquire TNT Express in $4.8B Deal
April 7, 2015 5:34 AM EDTFedEx (NYSE: FDX) and TNT Express N.V., pursuant to Section 5 Paragraph 1 of the Decree on Public Takeover Bids (Besluit openbare biedingen Wft, the Decree) in connection with the intended public offer by FedEx Corporation for all the issued and outstanding ordinary shares in the capital of TNT Express N.V. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in TNT Express N.V. Any offer will be made only by means of an offer memorandum. This announcement is not... More
