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FedEx (FDX) Stock Dips Today After Announcing Planned TNT Express Acquisition

2015-04-09 16:48:35| Air Courier - Topix.net

"[FedEx CEO] Fred Smith's a genius in his timing." FedEx said Tuesday that it had reached a conditional agreement with TNT on an all-cash offer of $8.75 a share, which represents a 33% premium to the company's closing price before the deal was announced.

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