• UPS News for UPSers

    Published on 05-17-2012 07:31 AM
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    UPS Info for UPSers TNT Deal Opens UPS To Sanctions Risks - Wall Street Journal

    United Parcel Service Inc. could be opening itself up to new risks as it moves forward with its acquisition of Netherlands-based TNT Express NV, an express-mail company with a global reach that includes Iran, Cuba and Syria.

    In order to avoid running afoul of U.S. sanctions and embargoes, UPS may have to unwind TNT’s business in those countries or institute rigorous and costly compliance and due diligence systems, according to experts on trade and export law.

    It remains unclear whether UPS will continue TNT’s operations in those countries. A UPS spokeswoman declined to comment, as did a TNT spokesman.
    Published on 05-14-2012 07:37 AM
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    UPS Info for UPSers UPS could win when Post Office stops shipping iPads overseas - Atlanta Business Chronicle

    Starting May 16, new United States Postal Service (USPS) regulations will prohibit customers from mailing iPads, Kindles, Smartphones, and other electronics with lithium batteries overseas, reports Fast Company. While the news is a headache for military families and electronics manufacturers and resellers, private delivery firms such as Atlanta-based United Parcel Service (NYSE: UPS) stand to gain, the publication notes.

    Financing for UPS Offer to TNT Express in Place 

    Published on 05-11-2012 07:20 AM
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    2. UPS Press Releases

    UPS Info for UPSers Draft "Offer Memorandum" to be Submitted to AFM Later Today

    UPS (NYSE:UPS) today announced it has the necessary financing in place for its intended recommended public offer for TNT Express N.V. (NYSE Euronext:TNTE).


    On March 19, 2012, UPS and TNT Express jointly announced conditional agreement on a recommended all-cash offer of €9.50 per ordinary share for TNT Express (the “Offer”).


    The Offer values 100% of the issued and outstanding TNT Express ordinary shares at approximately €5.16 billion. UPS will finance the Offer by using approximately €3.7 billion of available cash on its balance sheet and approximately €1.46 billion in debt through existing credit facilities.


    In line with regulatory requirements, UPS will submit a request for approval of its Offer Memorandum to the Netherlands Authority for the Financial markets later today. The Offer Memorandum is expected to be published and the Offer is expected to commence during the second quarter in accordance with the applicable timetable.
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    Published on 05-07-2012 06:34 AM
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    UPS Info for UPSers UPS: Undergoing Transformation With TNT Acquisition But Valuation About Right - Seeking Alpha

    Notably, the company is going through a bit of transformation with its purchase of TNT Express this spring. UPS is optimistic about the transaction and said in its press release that the combination will create a global leader in the logistics industry, with annual revenues of more than €45 billion ($60 billion) and will deliver significant benefits for the shareowners, customers, employees and other stakeholders of both companies.

    The proposed transaction will accelerate UPS's growth strategy and increase its geographic diversity and ability to provide customers comprehensive solutions. UPS currently estimates annual run-rate pre-tax cost synergies of approximately €400 to €550 million ($525 to $725 million) a year, achieved by the end of the fourth year after closing. UPS believes that the cumulative pre-tax implementation costs related to achieving these synergies will be approximately €1 billion ($1.31 billion) over the four-year integration period.
    Published on 05-04-2012 11:09 AM
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    UPS Info for UPSers UPS shrinks buyback plan to use cash for TNT offer - Yahoo

    The new plan from UPS will cut $2 billion from what UPS needs to borrow for the deal. Its original plan to borrow $3.8 billion for the deal had prompted ratings agencies to put UPS on watch for a possible downgrade.

    UPS now plans to use $5 billion in cash plus $1.8 billion in debt for the $6.8 billion deal. Buying TNT will make UPS the biggest shipper in Europe, and it's the biggest acquisition UPS has ever made.
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