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.
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.
