FedEx Wins No-Strings-Attached Approval for TNT Deal From EU

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jan 8, 2016.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx Wins No-Strings-Attached Approval for TNT Deal From EU - Bloomberg

    FedEx Corp. won unconditional approval from European Union regulators to buy smaller parcel delivery rival TNT Express NV, almost three years after United Parcel Service Inc. was blocked from a similar takeover.

    The EU’s formal review of the 4.4 billion-euro ($4.8 billion) deal revealed no antitrust concerns, the companies said in a statement Friday. The deal still needs clearance in Brazil and China and the companies “anticipate that the offer will close in the first half of” 2016.