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; mia.lamar@dowjones.com

Stock News for Fedex (FDX)
DateTimeHeadline
07/31/201519:59:08UPS Buys Firm To Aid Logistics
07/31/201515:50:04UPS to Buy Coyote Logistics for $1.8 Billion
07/31/201515:30:42UPS to Buy Coyote for $1.8 Billion as Delivery Giants Turn to...
07/31/201512:14:37EU Probes FedEx, TNT Deal -- 3rd Update
07/31/201511:09:12EU Probes FedEx, TNT Deal -- 2nd Update
07/31/201510:43:00Intended Offer by FedEx for TNT Express Enters Phase II Review...
07/31/201510:39:16EU Probes FedEx, TNT Deal -- Update
07/31/201510:30:07EU Probes FedEx, TNT Deal
07/31/201510:22:46EU Opens Investigation Into FedEx's Acquisition of TNT Express
07/24/201517:10:43Current Report Filing (8-k)
07/22/201516:30:08UPS in Talks to Buy Coyote Logistics
07/22/201509:00:00FedEx to Send 150 Drivers to National Truck Driving Championships
07/21/201521:00:11FedEx to Buy as Many as 100 Boeing 767s
07/21/201520:18:26FedEx to Buy as Many as 100 Boeing 767 Freighters
07/21/201517:33:00FedEx Express Plans to Acquire 50 Additional Boeing 767-300F...
07/14/201522:20:06FedEx Loses Appeal Case Over Kansas Drivers
07/14/201520:24:11FedEx Loses Appeal in Case on Classification of Kansas Drivers
07/14/201517:26:34Annual Report (10-k)
07/14/201509:00:00FedEx Office Optimizes Commercial Print Production With Industry-Leading...
07/12/201512:06:03Why FedEx Isn't Scared of Uber

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad