TNT Hits Highest in Six Months After UPS Bid Report - Bloomberg UPS and TNT may meet to work out a deal over the weekend, with the U.S. company offering 34 euros to 38 euros a share, U.K. newspaper the Times reported today, without citing anyone.
The time is right for a takeover offer, Berkelder said, as an economic slowdown and increasing fuel costs drive down the stock prices of mail and express-delivery companies. Berkelder, with a ``hold'' recommendation on TNT shares, said he's betting
UPS will team up with CVC Capital Partners Ltd., which would buy TNT's postal unit.
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