Transportation and logistics carrier FedEx has inked a conditional agreement to acquire 100% of TNT Express, which will result in TNT Express selling its airline operations. FedEx is offering €8.00 ($8.79) per share, valuing TNT Express at approximately €4.4 billion, but it will only go ahead with the offer if it can gain 100% ownership. The partners expect to close the deal by June 2016. “FedEx has a market capitalization of $47 billion, solid investment grade credit rating ...

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