That ups was denied. Good morning on this tuesday, everybody. You are watching Market Makers. Erik stephanie my boyfriend is that, you were missed. Big news today, we have fred smith today. Before that, lets get to the top stories in the morning. As i mentioned, fedex will be expanding into europe. The operator of the Worlds Largest Cargo Airline has agreed to buy struggling dutch the just ask company tnt express. The price, a cool 4. 8 billion in cash. More than two years ago, fedex competitor ups had to scrap its own bid to buy tnt. European regulars moved to block the deal. Fedex executives dont think they will have trouble getting this deal approved. We think this will be good for competition because at the moment there are two very strong claims in this particular segment of the market in europe. By putting tnt and fedex together, we think it creates a strong third competitor. That is why we are confident we will get regulatory approval. Stephanie tnt will try to appease regulator
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