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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