Hoofddorp, The Netherlands.
TNT Express N.V. announces that it has received an unsolicited non-binding and conditional proposal from United Parcel Service, Inc. (UPS) for the acquisition of the whole of the issued capital of TNT Express at an indicative price of € 9 per ordinary share.
The TNT Express N.V. Supervisory and Executive Boards have carefully considered the indicative proposal and explored its rationale, merits and risks for shareholders and all other stakeholders.
The TNT Express N.V. boards have rejected the proposal. They have informed UPS accordingly but continue to be in discussions.
For more information and inquiries, please contact:
| INVESTOR RELATIONS Jeroen Seyger Director Investor Relations a.i. Phone: +31 88 393 9500 E-mail: investorrelations@tnt.com Yolanda Bolleurs Manager Investor Relations a.i. Phone: +31 88 393 9500 E-mail: yolanda.bolleurs@tnt.com |
MEDIA RELATIONS Ernst Moeksis Director External Communication Phone: +31 88 393 9323 Mobile: +31 651 189 384 E-mail: ernst.moeksis@tnt.com |
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