FedEx announced that it has agreed to acquire Netherlands-based TNT Express for €4.4 billion ($4.8 billion). This deal will help FDX expand its business in Europe.

This deal comes after a $7 billion takeover deal with UPS failed two years ago on antitrust concerns. FDX reported that it does not expect to be faced with antitrust issues in the transaction.

When comparing this newly announced deal to the failed deal with UPS, TNT’s CEO Tex Gunning noted that “This deal is much better and simpler.” Although UPS and FedEx are about the same size, FedEx has a small footprint in Europe. With high competition, TNT has struggled as a stand-alone company.

Investors interested in FexEx may also consider the following mutual funds as an alternative to investing directly in the stock. The funds below currently hold the largest stakes in the company.

The funds listed above offer investors a stake in FDX, while remaining diversified. Investors interested in FDX may also be interested in UPS (UPS).

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