US parcels delivery firm FedEx to buy TNT Express for $4.8bn
April 7 , 2015
FedEx, the American parcels delivery company is buying the Dutch firm TNT Express for $4.8 billion in a move to widen its operations in Europe.
The firms said in a joint statement that the management boards of both companies had reached a “conditional” agreement.
Two years ago a bid by United Parcel Service to buy TNT did not go through.
The deal between FedEx and TNT is expected to be completed in the next few months.