TNT won’t comment on FedEx report

US parcels delivery group FedEx is in ‘preliminary talks’ on taking over Dutch postal delivery company TNT, the Financial Times reports, without quoting sources.

Neither company would comment on the report.
The Financieele Dagblad points out that TNT shares have lost 35% of their value since the beginning of this year. The company is now valued at €7bn, half that of FedEx, the FD says.

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