FedEx Agrees to Buy TNT Express
FedEx agreed to pay TNT Express $4.8 billion to acquire all of TNT's shares, the companies said in a press release (here). The deal would "transform FedEx’s European capabilities and accelerate global growth," it said. The companies expect the deal…
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to close in the first half of 2016 and "are confident that anti-trust concerns, if any, can be addressed adequately in a timely fashion."