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UPS going after TNT express?
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<blockquote data-quote="moreluck" data-source="post: 948824" data-attributes="member: 1246"><p>another one:</p><p></p><p><strong><span style="font-family: 'Arial'">UPS, TNT Express Said to Near Agreement</span></strong></p><p></p><p></p><p><span style="font-family: 'Arial'"><span style="color: #6f6f6f">By Matthew Campbell - Mar 8, 2012 10:24 AM PT</span></span></p><p></p><p></p><ul> <li data-xf-list-type="ul"></li> </ul><p></p><p><a href="http://www.bloomberg.com/quote/UPS:US" target="_blank"><span style="font-family: 'Arial'">United Parcel Service Inc. (UPS)</span></a><span style="font-family: 'Arial'"> is nearing an agreement to acquire </span><a href="http://www.bloomberg.com/quote/TNTE:NA" target="_blank"><span style="font-family: 'Arial'">TNT Express NV (TNTE)</span></a><span style="font-family: 'Arial'"> after </span><a href="http://topics.bloomberg.com/europe/" target="_blank"><span style="font-family: 'Arial'">Europe</span></a><span style="font-family: 'Arial'">’s second-largest express-delivery service rejected its initial 4.9 billion euro ($6.5 billion) offer, according to people familiar with the discussions. </span></p><p><span style="font-family: 'Arial'">The two sides are close to a deal on both price and conditions attached to the offer that may lead to job cuts and require divestitures to win antitrust approval, the people said, declining to be identified as the talks are private. An announcement may come as soon as next week, one of the people said. </span></p><p></p><p><a href="http://www.bloomberg.com/photo/ups-tnt-express-said-to-near-agreement-after-initial-rejection-/159737.html" target="_blank"><span style="font-family: 'Arial'"><span style="color: #6f6f6f">Enlarge image</span><img src="http://www.bloomberg.com/image/iqQjjueDroXQ.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></span></a> <strong><span style="font-family: 'Arial'">UPS, TNT Express Said to Near Agreement After Initial Rejection </span></strong></p><p></p><p><img src="http://www.bloomberg.com/image/ilf.p.ZbOiOU.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /> <span style="font-family: 'Arial'"><span style="color: #6f6f6f">Ken James/Bloomberg</span></span></p><p></p><p><span style="font-family: 'Arial'">United Parcel Service Inc. cargo at Mather Airport in Sacramento.</span></p><p></p><p></p><p></p><p><span style="font-family: 'Arial'"><span style="color: #6f6f6f">United Parcel Service Inc. cargo at Mather Airport in Sacramento. Photographer: Ken James/Bloomberg </span></span></p><p></p><p></p><p></p><p><span style="font-family: 'Arial'">TNT, based in Amsterdam, is the smallest of the four major global delivery services companies, making it a longtime subject of merger speculation. Adding its European footprint to that of UPS would give the U.S. company a stronger foothold in the region and an advantage over its rival </span><a href="http://www.bloomberg.com/quote/FDX:US" target="_blank"><span style="font-family: 'Arial'">FedEx Corp.. (FDX)</span></a></p><p><span style="font-family: 'Arial'">While talks are ongoing, the companies may still fail to reach an agreement, the people said. </span></p><p><span style="font-family: 'Arial'">Spokesmen for UPS and TNT declined to comment on the negotiations. </span></p><p><span style="font-family: 'Arial'">TNT said on Feb. 17 that it had rejected a takeover bid from UPS, which offered 9 euros for each TNT share. The shares currently trade at about 9.3 euros. </span></p><p><span style="font-family: 'Arial'">Under Dutch law, UPS has to clarify its intentions to the market by March 16, within four weeks of its first proposal being announced. </span></p></blockquote><p></p>
[QUOTE="moreluck, post: 948824, member: 1246"] another one: [B][FONT=Arial]UPS, TNT Express Said to Near Agreement[/FONT][/B] [FONT=Arial][COLOR=#6f6f6f]By Matthew Campbell - Mar 8, 2012 10:24 AM PT[/COLOR][/FONT] [LIST] [*] [/LIST] [URL="http://www.bloomberg.com/quote/UPS:US"][FONT=Arial]United Parcel Service Inc. (UPS)[/FONT][/URL][FONT=Arial] is nearing an agreement to acquire [/FONT][URL="http://www.bloomberg.com/quote/TNTE:NA"][FONT=Arial]TNT Express NV (TNTE)[/FONT][/URL][FONT=Arial] after [/FONT][URL="http://topics.bloomberg.com/europe/"][FONT=Arial]Europe[/FONT][/URL][FONT=Arial]’s second-largest express-delivery service rejected its initial 4.9 billion euro ($6.5 billion) offer, according to people familiar with the discussions. [/FONT] [FONT=Arial]The two sides are close to a deal on both price and conditions attached to the offer that may lead to job cuts and require divestitures to win antitrust approval, the people said, declining to be identified as the talks are private. An announcement may come as soon as next week, one of the people said. [/FONT] [URL="http://www.bloomberg.com/photo/ups-tnt-express-said-to-near-agreement-after-initial-rejection-/159737.html"][FONT=Arial][COLOR=#6f6f6f]Enlarge image[/COLOR][IMG]http://www.bloomberg.com/image/iqQjjueDroXQ.jpg[/IMG][/FONT][/URL] [B][FONT=Arial]UPS, TNT Express Said to Near Agreement After Initial Rejection [/FONT][/B] [IMG]http://www.bloomberg.com/image/ilf.p.ZbOiOU.jpg[/IMG] [FONT=Arial][COLOR=#6f6f6f]Ken James/Bloomberg[/COLOR][/FONT] [FONT=Arial]United Parcel Service Inc. cargo at Mather Airport in Sacramento.[/FONT] [FONT=Arial][COLOR=#6f6f6f]United Parcel Service Inc. cargo at Mather Airport in Sacramento. Photographer: Ken James/Bloomberg [/COLOR][/FONT] [FONT=Arial]TNT, based in Amsterdam, is the smallest of the four major global delivery services companies, making it a longtime subject of merger speculation. Adding its European footprint to that of UPS would give the U.S. company a stronger foothold in the region and an advantage over its rival [/FONT][URL="http://www.bloomberg.com/quote/FDX:US"][FONT=Arial]FedEx Corp.. (FDX)[/FONT][/URL] [FONT=Arial]While talks are ongoing, the companies may still fail to reach an agreement, the people said. [/FONT] [FONT=Arial]Spokesmen for UPS and TNT declined to comment on the negotiations. [/FONT] [FONT=Arial]TNT said on Feb. 17 that it had rejected a takeover bid from UPS, which offered 9 euros for each TNT share. The shares currently trade at about 9.3 euros. [/FONT] [FONT=Arial]Under Dutch law, UPS has to clarify its intentions to the market by March 16, within four weeks of its first proposal being announced. [/FONT] [/QUOTE]
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