UPS in Talks With TNT Over $15 Billion Takeover, Telegraph Says - Bloomberg
Buying Europe's second-biggest express-delivery service would give UPS, based in Atlanta, a full European air and road- delivery network, including an air hub in Liege, Belgium, and a trucking center in the Dutch city of Arnhem. TNT's revenue in 2007 totaled 11 billion euros.
"The rationale is very logical,'' Corne van Zeijl, a senior portfolio manager at SNS Asset Management in Den Bosch, the Netherlands, who oversees about 800 million euros and owns TNT shares. The revenue gains and cost savings from a possible takeover of TNT by UPS "will be rather big.''
Buying Europe's second-biggest express-delivery service would give UPS, based in Atlanta, a full European air and road- delivery network, including an air hub in Liege, Belgium, and a trucking center in the Dutch city of Arnhem. TNT's revenue in 2007 totaled 11 billion euros.
"The rationale is very logical,'' Corne van Zeijl, a senior portfolio manager at SNS Asset Management in Den Bosch, the Netherlands, who oversees about 800 million euros and owns TNT shares. The revenue gains and cost savings from a possible takeover of TNT by UPS "will be rather big.''