FedEx-TNT deal clears final regulatory hurdle - Commercial Appeal
FedEx said Friday that the biggest acquisition in the company’s 43-year history has cleared its final regulatory hurdle, after the deal received approval from Chinese officials.
The Memphis-based parcel delivery service said the $4.8 billion acquisition of Europe's third-largest delivery company entered the home stretch with approval by Ministry of Commerce People's Republic of China. The acquisition is expected to close by June 30.
FedEx said Friday that the biggest acquisition in the company’s 43-year history has cleared its final regulatory hurdle, after the deal received approval from Chinese officials.
The Memphis-based parcel delivery service said the $4.8 billion acquisition of Europe's third-largest delivery company entered the home stretch with approval by Ministry of Commerce People's Republic of China. The acquisition is expected to close by June 30.