FedEx Seen as Possible TNT Suitor as First UPS Offer FailsFedEx Seen as Possible TNT

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 22, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx Seen as Possible TNT Suitor as First UPS Offer Fails - Businessweek

    TNT turned down UPS’s initial offer of 9 euros a share while saying Feb. 17 that talks continue. That leaves an opening for FedEx, operator of the world’s biggest cargo airline, to swoop in to keep Hoofddorp, Netherlands-based TNT out of UPS’s hands, said Kevin Sterling, an analyst at BB&T Capital Markets.

    The prize would be expansion in Europe, where Deutsche Post AG’s DHL leads in express deliveries, Sterling said in an interview. A bid by UPS, the largest package-delivery company, or Memphis, Tennessee-based FedEx has been the subject of speculation for years.