Fedex, TNT win U.S. approval to merge

November 24, 2015 5:51 PM

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Fedex, TNT win U.S. approval to merge

WASHINGTON Tennessee-based Fedex Corp (FDX.N) and Dutch counterpart TNT Express (TNTE.AS) have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued on Tuesday.

The European Union has yet to sign off on the proposed transaction, although the companies have said they received assurances that EU antitrust regulators would allow it to go forward.

Also read: EU antitrust regulators to rule on Blackstone's F&R deal by July 20

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