FedEx May Buy Dutch TNT to Add Europe Parcel - by Jeroen Molenaar and Sarah Thompson
FedEx Corp., the second-largest U.S. package-shipping company, is in preliminary talks to take over TNT NV, the Financial Times reported. Buying the Dutch operator would make FedEx the No. 2 express-delivery service in Europe. Rising fuel costs and an economic decline revived merger discussion between FedEx and TNT, the U.K. newspaper said today, without citing anyone. Pieter Schaffels, a spokesman for TNT, and Jess Bunn of FedEx both declined to comment when contacted by telephone and e-mail today. A buyout ``makes sense,'' said Philip Scholte, an analyst at Rabo Securities in Amsterdam. ``You just link the two networks together.''
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