FedEx is to acquire rival TNT Express for €4.4bn, ramping up the US parcel delivery group's presence in Europe.
In a joint statement the companies said they had "reached conditional agreement" on a cash offer by FedEx of €8 per TNT Express share, giving TNT an equity value of €4.4bn.
The offer is a 33 per cent premium to TNT Express' closing share price last Thursday and a 42 per cent premium comapred to an average over the last three months.
您已阅读48%（444字），剩余52%（480字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。