A PYMNTS Company

US: Fedex, TNT win approval for $4.8 billion merger

By  |  November 24, 2015

Tennessee-based Fedex and Dutch counterpart TNT Express have won US antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued on Tuesday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The European Union has yet to sign off on the proposed transaction, although the companies have said they received assurances that EU antitrust regulators would allow it to go forward.

    The companies announced in April that Fedex would buy TNT for $4.8 billion in order to better compete in Europe. The deal should catapult FedEx to second place in Europe behind Deutsche Post’s DHL.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.