FedEx Agrees to Buy Netherlands' TNT Express for $4.8 Billion

NEW YORK (The Deal) — FedEx said on Tuesday that it has agreed to buy struggling Dutch package-delivery company TNT Express in a deal valuing TNT at €4.4 billion ($4.8 billion) as Memphis-based FedEx seeks to expand its global footprint. TNT's executive and supervisory boards unanimously support the deal, while its largest shareholder, PostNL , has agreed to tender its entire 14.7% stake. The …

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