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FedEx CFO Calls TNT Express Business 'Too Expensive'
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<blockquote data-quote="cheryl" data-source="post: 819674" data-attributes="member: 1"><p><strong>FedEx CFO Calls TNT Express Business 'Too Expensive' - Wall Street Journal</strong></p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 819674, member: 1"] [B]FedEx CFO Calls TNT Express Business 'Too Expensive' - Wall Street Journal[/B] 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. [/QUOTE]
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