Deutsche Post AG ADROTCPK - Current
Fri, Jan. 8, 6:16 AM
- FedEx (NYSE:FDX) and TNT Express (OTCPK:TNTEY) have obtained unconditional EU antitrust approval for their proposed €4.4B ($4.8B) merger.
- "The European Commission has concluded that the deal does not raise any competition concerns," they said in a statement.
- The deal should catapult FedEx to second place in Europe behind Deutsche Post's (OTCPK:DPSGY) DHL.