FedEx to buy TNT to expand Europe deliveries

April 7, 2015 5:29 AM

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(Reuters) - Package delivery company FedEx Corp will buy Dutch logistics company TNT Express to expand package deliveries in Europe, the companies said.

FedEx said it will pay 8 euros in cash per ordinary TNT Express share, a premium of 33 percent over TNT's closing price of 6 euros on the Amsterdam exchange on April 2.

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