nytimes.com - LONDON — The FedEx Corporation said on Tuesday that it had agreed to acquire the Dutch delivery company TNT Express in a $4.8 billion deal that would greatly expand the American delivery giant’s presence in Europe.
The all-cash deal would give FedEx access to TNT’s extensive road delivery network and create what the companies said would be a third strong player to compete in Europe with DHL Express of Germany and United Parcel Service.
The deal comes less than two years after European regulators blocked a bid for TNT by UPS over concerns that it would decrease competition and increase prices.
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