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
03/22/201717:11:31Quarterly Report (10-q)
03/22/201711:44:00Correction to FedEx Earnings Story
03/22/201703:02:00FedEx Margins Decline -- WSJ
03/21/201720:14:00FedEx Braced for a Holiday Crush That Didn't Come
03/21/201718:02:00FedEx Lowers Annual Profit Guidance After Quarterly Results Miss...
03/21/201717:57:00Correction to FedEx Story
03/21/201717:47:00FedEx Lowers Annual Profit Guidance After Quarterly Results Miss...
03/21/201716:55:29Current Report Filing (8-k)
03/21/201716:15:00FedEx Corp. Reports Third Quarter Earnings
03/21/201711:00:00FedEx Express to Launch Liege-Memphis Flight
03/20/201714:57:00Holiday Update, TNT Express Impact in Focus When FedEx Reports...
03/15/201716:28:09Current Report Filing (8-k)
03/09/201708:00:00FedEx Express Expands First Overnight To More Than 4,400 Zip...
03/07/201705:09:00EU Court Ruling Says EC Infringed UPS's Right of Defense
03/01/201706:03:00Penni Robertson, 'A Shining Light for Children', Named America's...
02/24/201716:37:41Current Report Filing (8-k)
02/23/201715:00:00FedEx Extends Relationship with Joe Gibbs Racing
02/23/201708:08:00Watch now: BizWireTV Announces Star Wars Force Friday II, Covers...
02/23/201708:00:00FedEx Extends Express Air Transportation Contract With United...
02/21/201719:13:00FedEx Launches Fifth Annual Small Business Grant Contest

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