The European Commission (EC) has formally approved FedEx Corp.’s proposed €4.4 billion ($4.77 billion) acquisition of TNT Express. “Following an in-depth investigation opened in July 2015, the Commission has concluded that the acquisition will not give rise to competition concerns, because FedEx and TNT are not particularly close competitors and because the merged entity will continue to face sufficient competition from its rivals in all markets concerned,” the EC ...

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