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

FedEx Corp. agreed to buy struggling Dutch logistics company TNT Express NV for 4.4 billion euros ($4.8 billion) to expand in Europe, two years after regulators blocked United Parcel Service Inc.’s own bid for the company. UPS in January 2012 offered 9.50 euros for each TNT share before pulling out of the transaction a year later. FedEx’s limited reach across Europe and the experience from the …

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