EU will not stop FedEx acquisition of TNT

FedEx Corporation, FedEx Acquisition B.V. and TNT Express N.V. have jointly confirmed that, to date, they have not received a Statement of Objections from the European Commission.

The internal deadline of the European Commission for issuing a Statement of Objections would have expired on 23 October 2015, but FedEx and TNT announced that the companies had been informed by the European Commission that no Statement of Objections will be issued.

FedEx and TNT continue to expect that the acquisition will close in the first half of calendar year 2016.