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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FedEx buys TNT for $4.8 billion; stock surges

FedEx Corp. will buy Dutch package delivery firm TNT Express for $4.8 billion, aiming to expand its presence in Europe and around the world. FedEx will offer 8 euros in cash per TNT share to investors  in a deal that will give TNT customers access to FedEx's global distribution platform. More: continued here

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FedEx agrees to take over Dutch rival TNT Express

THE HAGUE, Netherlands (AP) — American package delivery service FedEx has agreed to take over Dutch rival TNT Express, one of Europe's largest delivery companies, for 4.4 billion euros ($4.8 billion), the companies announced Tuesday, in a move FedEx said will strengthen its business around the world. More: continued here

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FedEx to buy TNT for $4.8 billion to expand Europe deliveries

FedEx Corp is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros (£3.2 billion), aiming to succeed where United Parcel Service failed two years ago when its bid was blocked by competition regulators. FedEx and TNT said on Tuesday they did not expect significant …

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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 …

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