Is FedEx’s $4.8B Proposal to Buy TNT Express in Trouble?
FedEx Corporation ’s FDX bid to acquire Dutch delivery firm TNT Express N.V. TNTEY for approximately $8.75 per share, or $4.8 billion (€4.4 billion), seems to have run into rough weather following concerns raised by the European Commission (EC) about competition being restrained in the event of the deal materializing. In view of the above concerns, the EC – the antitrust watchdog of the European Union – announced on Jul 31, that it would launch a thorough investigation to find out whether the impending deal, involving two key global players in the field of small package delivery, abides by the EU Merger Regulation. […]