FedEx has stepped up to the challenge of rivals UPS by agreeing to buy Dutch package delivery company TNT Express for €4.4bn (£3.2bn, $4.8bn). European regulators blocked a 2013 takeover of TNT by UPS due to concerns it would stifle competition, but analysts and executives said FedEx, with its strong air fleet, would complement TNT's sizeable European road network. "In terms of FedEx, it …
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