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The Latest UPS Headlines
FedEx Seen as Possible TNT Suitor as First UPS Offer FailsFedEx Seen as Possible TNT
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<blockquote data-quote="cheryl" data-source="post: 943578" data-attributes="member: 1"><p><a href="http://www.businessweek.com/news/2012-02-22/fedex-seen-as-possible-tnt-suitor-as-first-ups-offer-fails.html" target="_blank"><strong>FedEx Seen as Possible TNT Suitor as First UPS Offer Fails - Businessweek</strong></a></p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 943578, member: 1"] [URL="http://www.businessweek.com/news/2012-02-22/fedex-seen-as-possible-tnt-suitor-as-first-ups-offer-fails.html"][B]FedEx Seen as Possible TNT Suitor as First UPS Offer Fails - Businessweek[/B][/URL] 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. [/QUOTE]
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FedEx Seen as Possible TNT Suitor as First UPS Offer FailsFedEx Seen as Possible TNT
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