EU regulators could submit a formal complaint to FedEx within a couple of weeks, which could trigger new negotiations.

An attempt by FedEx rival UPS to purchase TNT in 2013 was shut down by the European Commission over concerns about reduced competition, due to the combined market share of the proposed UPS/TNT entity. Sources close to FedEx say that the deal is "very finely balanced," and that the EU regulators have yet to decide whether to send a statement of objections.

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