Originally Posted by
PurpleToolBox
Mr. Smith said that TNT was a failing company that lied about their situation. Unfortunately they didn't know how bad it was until after they bought them.
Not making excuse, just relaying what I read somewhere.
That's not quite how I read it. TNT was hit by a massive cyber attack. They would have failed if FedEx IT wasn't there to step in after the attack. FedEx is currently facing a class action suit, which claims it wasn't truthful to shareholders about the seriousness of the TNT cyber attack.