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EU regulators to decide on Fedex's , TNT deal by Aug. 3

2015-06-29 13:36:48| Trucking - Topix.net

European Union antitrust regulators will rule by Aug. 3 whether to clear U.S. package delivery service company FedEx's 4.4-billion-euro bid for Dutch peer TNT Express, the European Commission said on Monday. FedEx, which wants to merge its air fleet with TNT's extensive European road network to better compete with rivals United Parcel Service and Deutsche Post, sought EU approval last Friday.

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