FedEx, TNT Express say takeover to go ahead

Discussion in 'The Latest FedEx Headlines' started by cheryl, Oct 21, 2015.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx, TNT Express say takeover to go ahead - Yahoo

    FedEx and its Dutch-based takeover target TNT Express say that the European Commission does not object to their 4.4 billion euro ($5 billion) agreement, paving the way for the deal to be completed in the first half of next year.

    In a statement issued Tuesday evening, both companies say they "have been informed by the European Commission that no Statement of Objections will be issued."
     
  2. It will be fine

    It will be fine Well-Known Member

    Yay! Another excuse to keep down compensation! "We'd love to pay everyone more, but we just dropped $5 billion so we can't this year."
     
  3. bacha29

    bacha29 Well-Known Member

    When Fedex bought out RPS/Caliber it didn't have the cash to buy us so they had to buy it with stock. Since then and thanks to good old ground they have paid cash for everything theyhave bought since then. American Freightways. Kinkos and several other smaller but valuable operations and always paid top dollar in cash. G is their cash cow and theywill stop at nothing to keep it that way.
     
  4. Operational needs

    Operational needs Well-Known Member

    At least they actually have a real excuse this year, not a made up one. Lol.

    Oh, and welcome to FedEx, where any excuse will do. :)
     
  5. bacha29

    bacha29 Well-Known Member

    UPS was going to but TNT last year but European regulators nixed the deal.
     
  6. ILuvPandas

    ILuvPandas New Member

    Will we (at Express) get their ugly orange vans?
     
  7. bbsam

    bbsam Moderator Staff Member

    And?
     
  8. bacha29

    bacha29 Well-Known Member

    The refusal by European regulators opened the door for X to go in loaded with cash and buy TNT. The rub is that Express is paying it's bills but that's about it. Yet the corporation as a whole thanks to Ground has plenty of cash to buy TNT in a possibly futile effort to get Express from it's usual 2-5% net operating margin to the !0% Smith promised 4 years ago_Oh, and don't forget the recent announcement regarding the purchase of an additional 50 brand new Boeing 767's .