TNT Shares Fall After UPS Executive Cools Takeover Speculation

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 11, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    TNT Shares Fall After UPS Executive Cools Takeover Speculation - Smart Money

    Sunday, U.K. paper The Sunday Telegraph had reported that UPS was planning a EUR10 billion bid for TNT, and despite initial reluctance from the Dutch company, early stage talks had been held in recent days. The paper cited sources.

    However, Monday Reuters quoted Dan Brutto, the president of UPS' international business, as saying that a deal with TNT would be "something that devalues our shares." He called the takeover speculation a rumor, although he doesn't directly oversee mergers and acquisitions.
     
  2. In the Know

    In the Know Guest

    Well at least the UPS spokesman calls it a 'rumour'. TNT spokesmen just keeping saying "we don't comment on speculation" which is a clever way of supporting the share price.
     
  3. mattwtrs

    mattwtrs Retired Senior Member

    The takeover will be over analyzed and probably be investigated by Congress until it falls through.
     
  4. moreluck

    moreluck golden ticket member

    Subject: Fw: [retiredups]


    NOW THEY ARE SAYING WE MADE A BID OF 20 BILLION FOR TNT.