News / TNT takeover could be a 'match made in heaven', says FedEx – but there are risks

15/04/2015

FedEx’s €4.4bn offer for TNT Express has been hailed as a great deal, at least on paper, by many pundits, while Tex Gunning, chief executive of the Dutch parcel-delivery company, must be a relieved man.

It is no secret that TNT has underinvested in its core Europe operations since the proposed takeover by UPS was blocked by European regulators a couple of years ago. At that point it is fair to say that TNT hit something of a brick wall, and ...