FedEx: Appeal Filed in Brazil Over Unconditional Approval of Its TNT Express Acquisition 

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The FINANCIAL — FedEx Corporation (FedEx), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) jointly announce that a third party has filed an appeal of the unconditional approval of the Offer by Conselho Administrativo de Defesa Econômica (CADE), which was announced on February 2, 2016.

FedEx and TNT Express continue to work constructively with the regulatory authorities to obtain clearance of the transaction in the relevant jurisdictions, including China, and are making timely progress. FedEx and TNT Express remain confident that the Offer will close in the first half of calendar year 2016 and look forward to the opportunities the combined company will deliver for customers, shareowners and employees around the world, according to FedEx.

 

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