FRANKFURT, Germany and DARIEN, Conn., Jan. 5 /PRNewswire/ -- Deutsche Post
AG and Air Express International Corporation (Nasdaq: AEIC) announced today
that Deutsche Post's acquisition of Air Express International Corporation has
received all required U.S. regulatory approvals.
Clearance of the acquisition under the European Commission's antitrust
regulations is the only significant remaining regulatory approval. Deutsche
Post and AEI are hopeful that European Commission clearance will be obtained
by early February. However, no assurances can be given.
On November 19, 1999, Deutsche Post commenced an offer to purchase all
outstanding shares of AEI. The expiration date (and withdrawal rights) for
the offer to purchase is 12:00 midnight, New York City time, on Wednesday,
February 9, 2000, unless the offer is extended.
For additional information, please contact Deutsche Banc Alex. Brown, the
Dealer Manager for the offer, at 212-250-6000 (call collect) or Georgeson
Shareholder Communications Inc., the Information Agent, at 800-223-2064.
SOURCE Deutsche Post AG