American package delivery service FedEx says it plans to take over its Dutch rival TNT Express, one of Europe's largest delivery companies, for 4.4 billion euros ($4.8 billion), in a move FedEx says will strengthen its business around the world.

In a joint statement issued Tuesday, the companies say FedEx Corporation has reached a conditional agreement on an all-cash offer of eight euros ($8.75) for each TNT Express share, a premium of 33 percent over the April 2 closing price.

The planned deal comes two years after United Parcel Service Inc. dropped a 5.2 billion-euro takeover bid for TNT Express, citing objections by European Union regulators.

TNT Express and FedEx say they are "confident that anti-trust concerns, if any, can be addressed adequately in a timely fashion."