FedEx to launch formal offer for TNT Express

Credit: Rob Finlayson
FedEx will formally launch its €4.4 billion ($4.9 billion) takeover bid for TNT Express on Aug. 24, offering €8.00 per share for the freight specialist, with the aim of completing the acquisition in the first half of 2016. If the deal succeeds , TNT Express’ European airline operations will be...

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