Fedex in talks to buy France's TATEX

Discussion in 'The Latest FedEx Headlines' started by cheryl, Apr 18, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    Fedex in talks to buy France's TATEX - Reuters

    (Reuters) - FedEx Corp (FDX.N) said on Tuesday it is in talks to possibly buy French express company TATEX, less than two weeks after announcing plans to buy family-owned Polish shipping company Opek Sp. Z o.o., as it expands in Europe with small takeovers.

    Analysts endorsed FedEx's strategy of growing in Europe with small purchases, saying it can stay competitive there even with UPS's large tie-up with TNT.

    "I view FedEx's strategy favorably," said Benjamin Hartford, senior research associate at Robert W. Baird in Milwaukee. "Some investors look at UPS purchasing TNT as effectively locking FedEx out of Europe. I don't think that's the case."