FedEx-TNT Merger Clears a Hurdle
Posted on December 1st, 2015

FedEx’s plan to acquire TNT moved a step closer to completion when it cleared an antitrust review by the U.S. Federal Trade Commission (FTC), Reuters reports. The FTC included the deal, estimated at $4.8 billion, on a list of approved deals issued on November 24.
 
On the European side of the equation, the two companies indicated in an October statement that the European Commission had told them that no Statement of Objections would be issued. With that hurdle out of the way, FedEx and TNT expect the deal to close in the first half of calendar year 2016.
 
When the deal was first announced in April, the two companies indicated that the new network “would benefit from the combined strength of TNT Express’s strong European road platform and Liege hub and FedEx’s strength in other regions globally, including North America and Asia.”


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