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Europe Daily Bulletin No. 7841

15 November 2000
Contents Publication in full By article 32 / 48
ECONOMIC INTERPENETRATION / (eu) parcels services

The American group FEDEX is to pay some $1.2 bn for the regional freight carrier AMERICAN FREIGHTWAYS in a cash and FEDEX shares transaction. the share-swap will be on the basis of $28.13 per AMERICAN FREIGHTWAYS share. FEDEX will combine AMERICAN FREIGHTWAYS with its subsidiary VIKING FREIGHT, giving rise to the second largest road parcels delivery group in the United States with a turnover of more than $1.6 bn.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION