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Fedex To Buy Tnt

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FedEx to buy rival TNT Express

US parcels delivery firm FedEx is to buy Dutch rival TNT Express for €4.4bn (£3.22bn) as it looks to expand its European operations.

It seems that M&A is coming back in vogue with mega mergers. It seems the growth for the parcel networks has stalled and the only way to increase market share is to buy your competitors. I wonder what this means for RM?

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