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FedEx Corp.
FDX confirmed today that the European Commission has
initiated a Phase II review in connection with FedEx's intended public
offer to acquire all the issued and outstanding shares of TNT Express
N.V.
TNTEY. This is the next step in the process where the European Commission
conducts an in-depth analysis under the EU Merger Regulation before
coming to a decision. The transaction is also being reviewed by other
antitrust agencies, including the Ministry of Commerce (MOFCOM) in China
and Conselho Administrativo de Defesa Econômica (CADE) in Brazil.
"We will continue to work together with TNT Express to meet the European
Commission's need for additional due diligence and are confident that
the combination of both companies will increase competition and create
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