Well, that one has been in the works for a while! Buying a solid European network for two-thirds of what UPS was willing to pay for it a few years ago sounds like a great deal.

FedEx to buy TNT to expand Europe deliveries

AMSTERDAM (Reuters) - FedEx Corp <FDX.N> is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), aiming to succeed where United Parcel Service <UPS.N>