TNT takeover talk: real deal or boy who cried wolf?

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 12, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    TNT takeover talk: real deal or boy who cried wolf? - Reuters

    In the world of package companies, there is one story you can rely on to come up with mind-numbing regularity: speculation that either United Parcel Service Inc or FedEx Corp are in talks to buy TNT NV.

    The latest speculation that UPS is in talks to buy TNT for 10 billion euros ($15.2 billion) sent the Dutch mail company's stock up more than 5 percent. A mid-July rumor that FedEx was doing the same sent TNT stock up nearly 30 percent in a single day. Ten days later, TNT's stock fell 18 percent on a report that talks had ended.