UPS set to borrow $10bn to help fund expansion

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 9, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UPS set to borrow $10bn to help fund expansion - Financial Times

    United Parcel Service plans to borrow about $10bn to buy back stock and expand through acquisitions in its latest bid to boost a flagging share price and shake its image as a conservative company that valued a sterling credit rating above growth.

    UPS first sold stock to the public in 1999 after almost 100 years under private ownership.
  2. tieguy

    tieguy Banned

    Need to do something, stocks sinking fast. investors probably reading through the new contract and selling..
  3. Chop

    Chop member

    If anyone is wondering this 10 billion is the sole reson the stock is going done. UPS S&P rating has gone from AAA to AA. This will be good in the long run.
  4. govols019

    govols019 You smell that?

    Why on earth would you say that?