Home / FedEx / FedEx Aided by Strong Dollar in ‘Perfect-Timing' Bid for TNT

FedEx Aided by Strong Dollar in ‘Perfect-Timing' Bid for TNT

FedEx Corp.’s plan to buy Dutch parcel-delivery company TNT Express NV highlights how a strong dollar is facilitating purchases by U.S. companies in Europe. FedEx agreed to pay 4.4 billion euros ($4.8 billion) for TNT. FedEx said the dollar’s strength contributed to “perfect timing” on its bid, with the euro down more than a fifth against the greenback in the past year. “North American and Asia …

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