FedEx has received an informal notification from the European Commission, effectively clearing its €4.4 billion ($4.9 billion) TNT Express takeover bid. In August, the European Commission began an in-depth investigation into the tie-up after voicing concerns about the impact on the small package delivery sector. “The internal deadline of the European Commission for issuing a statement of objections would have expired on Oct. 23, 2015, but FedEx and TNT have been informed by the ...

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