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PNL PostNL NV

1.045
0.006 (0.58%)
20 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
PostNL NV EU:PNL Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.006 0.58% 1.045 1.033 1.052 1.054 1.034 1.04 939,880 02:01:55

FedEx Makes Bid for TNT Express

07/04/2015 8:00am

Dow Jones News


PostNL NV (EU:PNL)
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FedEx Corp. on Tuesday said it would buy TNT Express NV for a cash offer price of EUR8 a share, valuing the Dutch parcel-delivery firm at about EUR4.4 billion ($4.8 billion).

In a Tuesday statement, FedEx and TNT said the transaction has a high level of deal certainty. The offer price, the companies said, represents a premium of 33% over TNT's April 2 share price. In addition, the offer represents a premium of 42% over the average volume weighted price per TNT share of EUR5.63 over the last three calendar months.

The statement said PostNL NV plans to support the offer and tender its 14.7% shareholding in TNT Express shareholding.

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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US87262N1090

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