FedEx Holds 98.45% Of TNT Express Shares - Quick Facts

(RTTNews) - FedEx Corp. (FDX), FedEx Acquisition B.V. and TNT Express N.V. announced that the post-closing acceptance period relating to the recommended public offer to TNT Express shareholders by FedEx Acquisition B.V. has expired. The shares tendered in the post-closing acceptance period, together with the 484,982,585 shares that were already held by the offeror, represent 98.45% of all issued and outstanding shares. FedEx Acquisition expects to initiate a buy-out procedure during the third calendar quarter, in order to acquire the remaining shares.

TNT Express and the offeror will as soon as possible request delisting of the shares from Euronext Amsterdam. TNT Express also intends to terminate the ADS Deposit Agreement between TNT Express, the U.S. Depositary and the holders and beneficial holders of ADSs.