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FedEx Bids $4.8 Billion for TNT Two Years After Blocked UPS Deal

FedEx Corp. agreed to buy Dutch parcel-delivery company TNT Express NV for 4.4 billion euros ($4.8 billion), predicting it can succeed where bigger rival United Parcel Service Inc. was blocked by regulators in 2013. UPS in January 2012 offered 9.50 euros for each TNT share before pulling out of the transaction a year later. TNT Chairman Antony Burgmans said the lower price in part reflects the …

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