FedEx-TNT deal clears final regulatory hurdle

Discussion in 'The Latest FedEx Headlines' started by cheryl, Apr 30, 2016.

  1. cheryl

    cheryl I started this. Staff Member

    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.