FedEx reaches deal to buy France's Tatex

Friday, May 11, 2012

FedEx said Thursday it has signed an agreement to acquire the French business-to-business express transportation company Tatex. It had revealed it was in negotiation to buy the company last month, three weeks after Netherlands-based TNT Express agreed to a $6.7 billion cash buyout by FedEx rival UPS. The Tatex acquisition is subject to necessary regulatory approvals and customary conditions. Founded in 1976, Tatex, a privately-held company, has over 1,000...

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