In a $500 million transaction, the private equity firm will now own a portion of the marine shipping family operation.
Disaster response unit is the third acquisition by BlackEagles debut fund.
TNT shares wavered throughout day, following a report that UPS would buy the company and execs denial.
Most dealmakers assume a Barack Obama victory in the general election will mark the end of a relatively lax antitrust enforcement regime. His views on the UPS/DHL arrangement supports this assumption.
The Dallas-based software firm will acquire FCS in the transaction.
At the end of July, Barak Obama sent a letter that seems to confirm many dealmakers assumption that a Obama victory would mark the end of a relatively lax antitrust enforcement regime.
Delta Air Lines' quarterly earnings announcement contained a glimmer of hope for the airlines sector.
When Italian aerospace and defense company Finmeccanica launched its $5.2 billion bid to acquire Parsippany, N.J.-based military contractor DRS Technologies at $81 per share in May, the transaction represented more than just another new cross-border acquisition executed by a European acquirer. It heralded the potentially fierce corporate battle for market share taking shape in the US aerospace and defense supply business, where M&A activity is expected to continue heating up, according to industry observers.
Continental Airlines decided to remain independent after ending negotiations with United Airlines' parent company UAL Corp., saying the risks of a possible merger outweigh the rewards.
Delta Air Lines and Northwest Airlines finally tied the knot last night, agreeing to a stock-for-stock merger that will create a $17.7 billion airline. The combined carrier will assume Delta's name and maintain headquarters in Atlanta, where Delta is currently based.