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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 …

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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 …

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FedEx (FDX) Stock Soaring Today on TNT Express Purchase

NEW YORK (TheStreet) — Shares of FedEx Corp. are higher by 4.40% to $174 in pre-market trading on Tuesday morning, after the package delivery service company announced it is buying Netherlands-based international courier TNT Express for $4.8 billion in order to expand its presence in Europe.TheStreet's Jim Cramer, Portfolio Manager …

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FedEx to buy TNT for $4.8 billion to take on rivals in Europe

FedEx Corp is to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), stepping up the challenge to rivals United Parcel Service and Deutsche Post in Europe. European regulators blocked a 2013 takeover of TNT by UPS due to concerns it would stifle competition, …

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