Home / FedEx / In TNT, FedEx may get last major package target UPS once sought

In TNT, FedEx may get last major package target UPS once sought

FedEx Corp's $4.8 billion bid Tuesday for TNT Express took the world's last large potential package delivery acquisition target off the table, marking a victory in FedEx's battle to gain market share from rival United Parcel Service Inc. If FedEx wins regulatory approval for the proposed acquisition, it would pull into the No. 2 spot among package delivery services in Europe with a 17 percent …

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