FedEx to buy TNT Express for $4.8 billion

April 7, 2015 9:01 AM

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FedEx to buy TNT Express for $4.8 billion

FedEx is on track to push further into Europe with plans to buy Dutch firm TNT Express.

The U.S. parcel delivery company has offered €4.4 billion ($4.8 billion) for TNT Express, or €8 ($8.7) in cash for each ordinary share.

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