Bidding War for TNT Express in the Post?

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 20, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    Bidding War for TNT Express in the Post? - Wall Street Journal

    Following Friday’s announcement of UPS’s €9-per-share bid, debate turned quickly to how much higher UPS may bid and whether FedEx will launch a takeover battle for the smallest of four global shippers that dominate the transportation of time-sensitive documents, consumer electronics and industrial parts.

    “FedEx could face scale challenges in competing effectively in Europe with a combination of UPS and TNT,” said Penelope Butcher, an analyst at Morgan Stanley.

    However, considering UPS’s deeper pockets, some wonder if a takeover battle will ensue. “UPS is strongly positioned to outbid FedEx were its key U.S. rival to harbor ambitions to acquire TNT Express,” said Neil Glynn, analyst at Credit Suisse.
  2. david cassin

    david cassin dublinbrown

    would be a great deal for ups in urop.especially the roadfreight lanes tnt have in europe