Article: FedEx rejects UPS offer of TNT Express assets - FT

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 8, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    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.