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The Latest UPS Headlines
UPS Said to Reach Deal to Buy TNT Express to Grow in Europe
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<blockquote data-quote="cheryl" data-source="post: 952741" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2012-03-18/ups-said-to-reach-deal-to-buy-tnt-express-to-grow-in-europe-1-.html" target="_blank"><strong>UPS Said to Reach Deal to Buy TNT Express to Grow in Europe - Bloomberg</strong></a></p><p></p><p>United Parcel Service Inc. (UPS) reached an agreement to buy TNT Express NV (TNTE) after raising its offer for Europe’s second-largest express delivery company, according to two people with knowledge of the talks.</p><p></p><p>At the range of 9.50 to 10 euros a share, the deal would value TNT at 13 to 14 times its last four quarters’ earnings before interest, taxes, depreciation and amortization, compared with a median of 10 times trailing Ebitda in nine other similar deals, according to data compiled by Bloomberg.</p><p></p><p>“That price is a bit ahead of what the shares are trading at currently, so they seem to be getting a bit of a premium,” said Dieter Furniere, a Brussels-based KBC Securities analyst who has a hold rating on TNT. Sterling recommends buying UPS.</p></blockquote><p></p>
[QUOTE="cheryl, post: 952741, member: 1"] [URL="http://www.bloomberg.com/news/2012-03-18/ups-said-to-reach-deal-to-buy-tnt-express-to-grow-in-europe-1-.html"][B]UPS Said to Reach Deal to Buy TNT Express to Grow in Europe - Bloomberg[/B][/URL] United Parcel Service Inc. (UPS) reached an agreement to buy TNT Express NV (TNTE) after raising its offer for Europe’s second-largest express delivery company, according to two people with knowledge of the talks. At the range of 9.50 to 10 euros a share, the deal would value TNT at 13 to 14 times its last four quarters’ earnings before interest, taxes, depreciation and amortization, compared with a median of 10 times trailing Ebitda in nine other similar deals, according to data compiled by Bloomberg. “That price is a bit ahead of what the shares are trading at currently, so they seem to be getting a bit of a premium,” said Dieter Furniere, a Brussels-based KBC Securities analyst who has a hold rating on TNT. Sterling recommends buying UPS. [/QUOTE]
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UPS Said to Reach Deal to Buy TNT Express to Grow in Europe
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