The Traderszone Network

Published in TZ Latest News 6 April, 2015 by The TZ Newswire Staff

FedEx to buy TNT to expand Europe deliveries

FedEx Corp (FDX.N) is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), aiming to succeed where United Parcel Service (UPS.N) failed two years ago when its bid was blocked by competition regulators. FedEx and TNT (TNTE.AS) said on Tuesday they did not expect significant opposition from regulators. Unlike FedEx, UPS already had a strong European network when it bid for TNT. FedEx will offer 8 euros in cash per ordinary TNT share, in a deal that would give the U.S.

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