FedEx has said it is making “timely progress” with its plans make an offer for 100% of Dutch integrator TNT Express, although it may need more time from Dutch authorities. The €4.4 billion ($4.9 billion) offer, which was announced in April, requires competition clearances from various bodies in Brazil, China, the European Union, the Netherlands and the US. Although the competition approval process is “proceeding without delays,” FedEx warned that the formal ...

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