FedEx CFO Calls TNT Express Business 'Too Expensive'

Discussion in 'The Latest FedEx Headlines' started by cheryl, Mar 25, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx CFO Calls TNT Express Business 'Too Expensive' - Wall Street Journal

    FedEx Corp. (FDX) Chief Financial Officer Alan Graf called a potential acquisition of TNT NV's (TNTTY, TNT.AE) express business "too expensive" Thursday and reiterated that FedEx doesn't need to do a deal in Europe.

    UPS hasn't commented. FedEx declined in the past to comment extensively on TNT, but Chief Executive Fred Smith exhibited some passing interest in its express business in September, when he said FedEx would possibly "get under the hood" and take a look at it if it were decisively for sale.