FedEx Corporation (NYSE:FDX), FedEx Acquisition B.V. and TNT Express N.V. said they have confirmed that the acceptance period for the recommended public offer for all the issued and outstanding ordinary shares in the capital of TNT Express N.V. has been extended to 17:40 hours CET (11:40 hours New York time) on January 8, 2016.
The Acceptance Period has been extended because not all offer conditions, in particular the offer condition relating to competition clearances, were fulfilled upon expiry of the initial acceptance period at 17:40 hours CET on October 30, 2015.
If and when the extended acceptance period lapses at January 8, 2016, without the offer condition with respect to competition clearances having been fulfilled, an exemption will be requested from the Netherlands Authority for the financial markets to extend the acceptance period until such time as the offeror and TNT Express reasonably believe is necessary to cause such offer condition to be fulfilled.
FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.
TNT Express is one of the world´s largest express delivery companies, with transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT Express made EUR6.7 billion in revenue in 2014.