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FedEx holds 98.45% TNT Express shares

According to logistics website Post and Parcel: “The post-closing acceptance period for the FedEx/TNT offer ended yesterday (1 June), leaving FedEx holding 98.45% of all TNT Express shares”.

Once the statutory buy-out proceedings are completed, FedEx will own 100% of TNT Express. The statutory buy-out will start during third calendar quarter of 2016. FedEx announced the completion of its €4.4bn acquisition of TNT Express on 25 May. Not surprisingly, the two integrators believe that the merged entity will “reshape the global transportation and logistics industry”.

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