FedEx says has requested EU approval for $4.9 billion TNT bid

FedEx (FDX.N) has asked the European Union's competition regulator to approve its 4.4-billion-euro ($4.9 billion) bid for Dutch rival TNT Express (TNTE.AS), the U.S. package delivery service company. The deal, which will combine FedEx's air fleet with TNT's sizeable European road network, will extend FedEx's reach in competition with United Parcel Service (UPS.N) and Deutsche Post (DPWGn.DE). FedEx submitted its request to the European Commission on Friday, spokeswoman Nira Gale said.

FedEx says has requested EU approval for $4.9 billion TNT bid source: http://finance.yahoo.com/news/fedex-says-requested-eu-approval-174225138.html