ADVFN - Advanced Financial Network.
HOME» NYSE » F » FDX Stock Price » FDX Stock News

Fedex Share News

 Fedex Corp Stock Price
FDX Stock Price
 Fedex Corp Stock Chart
FDX Stock Chart
 Fedex Corp Stock News
FDX Stock News
 Fedex Corp Company Information
FDX Company Information
 Fedex Corp Stock Trades
FDX Stock Trades

FedEx To Acquire French Express Shipper Tatex; Terms Undisclosed

DOW JONES NEWSWIRES FedEx Corp. (FDX) agreed to acquire Tat Express, a French express-transportation company, adding to recent efforts to expand its operations in Europe. Financial details of the transaction weren't disclosed. Tatex, according to FedEx, carries 19 million parcels a year and generates annual revenue of about EUR150 million ($194.1 million). It employs more than 1,000 employees and has a central hub in the town of Lieusaint, south of Paris. "The Tatex business complements FedEx existing operations in the French market, and will enable the company to provide additional local services in one of Europe's largest geographies, to its customers around the world," said Chief Executive Frederick W. Smith. FedEx first entered the French market in 1985. The shipping giant last month revealed it was in talks to acquire Tatex just weeks after it struck an agreement to acquire Opek Sp.z o.o., a privately held Polish shipping company. Rival United Parcel Service Inc. (UPS) in March reached a $6.8 billion deal to acquire Dutch shipper TNT Express in an effort to strengthen its European operations. Analysts at the time said the bid was a "strategic block" that took away FedEx's most likely entry into the European ground market. Discussing fiscal third-quarter results in March, Smith said he was confident in FedEx's plans "to continue expansion [in Europe] primarily through organic growth." Shares closed Wednesday at $87.13 and were inactive premarket. The stock is up 4.3% since the start of the year, lagging gains in the overall market. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; [email protected]

Stock News for Fedex (FDX)
DateTimeHeadline
01/11/201709:25:00Walgreens to Offer FedEx Dropoff and Pickup at Walgreens Locations...
01/11/201707:45:00Walgreens and FedEx Team Up to Offer FedEx Dropoff and Pickup...
01/09/201716:22:24Statement of Changes in Beneficial Ownership (4)
01/09/201714:34:59Confidential Treatment Order (ct Order)
01/06/201712:33:12Initial Statement of Beneficial Ownership (3)
01/06/201712:15:30Initial Statement of Beneficial Ownership (3)
01/06/201709:56:53Current Report Filing (8-k)
01/04/201714:59:52Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
01/03/201717:14:58Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
01/03/201708:57:53Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
12/29/201614:15:22Statement of Changes in Beneficial Ownership (4)
12/29/201603:02:00Holiday Shoppers Were in Good Spirits -- WSJ
12/28/201615:48:00U.S. Retailers on Pace for Best Holiday Season in Years
12/27/201615:37:53Statement of Changes in Beneficial Ownership (4)
12/23/201612:36:51Statement of Changes in Beneficial Ownership (4)
12/22/201616:24:36Current Report Filing (8-k)
12/21/201616:42:08Quarterly Report (10-q)
12/20/201617:34:00FedEx Operating Margins Retreat in Latest Quarter
12/20/201616:19:19Current Report Filing (8-k)
12/20/201616:15:00FedEx Corp. Reports Increased Revenue, Operating Income

Fedex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US