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The Latest UPS Headlines
UPS in Talks With TNT Over $15 Billion Takeover, Telegraph Says
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<blockquote data-quote="cheryl" data-source="post: 381791" data-attributes="member: 1"><p><strong>UPS in Talks With TNT Over $15 Billion Takeover, Telegraph Says - Bloomberg</strong></p><p></p><p>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.</p><p></p><p>"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.''</p></blockquote><p></p>
[QUOTE="cheryl, post: 381791, member: 1"] [B]UPS in Talks With TNT Over $15 Billion Takeover, Telegraph Says - Bloomberg[/B] 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.'' [/QUOTE]
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