FedEx rejects UPS offer of TNT Express assets - FT - Reuters
Informal approaches by United Parcel Service to FedEx to sell a package of TNT Express assets have been rebuffed by its U.S. rival, making it potentially harder for UPS to win approval for its takeover of the Dutch delivery group, the Financial Times reported.
FedEx is refusing to engage in serious talks unless they cover a bigger slice of the TNT business, the newspaper said on Tuesday.
Informal approaches by United Parcel Service to FedEx to sell a package of TNT Express assets have been rebuffed by its U.S. rival, making it potentially harder for UPS to win approval for its takeover of the Dutch delivery group, the Financial Times reported.
FedEx is refusing to engage in serious talks unless they cover a bigger slice of the TNT business, the newspaper said on Tuesday.
