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 S 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.
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 S 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.
