TNT Left at Altar Gets No Immediate FedEx Deal: Real M&A

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jan 15, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    TNT Left at Altar Gets No Immediate FedEx Deal: Real M&A - Bloomberg

    For TNT Express NV (TNTE) shareholders pining for a rescue from FedEx Corp. (FDX) after a scrapped takeover sent the stock reeling to record-low valuations, it could be a long wait.

    FedEx may consider making a run at TNT, according to another person familiar with the matter, who asked not to be identified because the plans aren’t public. The global package and freight company watched the failure of the UPS deal with interest, the person said.

    FedEx won’t overpay for TNT and will wait to see if the company weakens to an acceptable price, the other person said. If TNT has a fire sale, FedEx would be an interested bidder, the person said.
     
  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    I guess Fred feels he can buy the Eurocrats like he does here in the good ole USA.