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The Latest UPS Headlines
Bidding War for TNT Express in the Post?
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<blockquote data-quote="cheryl" data-source="post: 942783" data-attributes="member: 1"><p><a href="http://blogs.wsj.com/source/2012/02/20/could-a-bidding-war-for-tnt-be-in-the-post/" target="_blank"><strong>Bidding War for TNT Express in the Post? - Wall Street Journal</strong></a></p><p></p><p>Following Friday’s announcement of UPS’s €9-per-share bid, debate turned quickly to how much higher UPS may bid and whether FedEx will launch a takeover battle for the smallest of four global shippers that dominate the transportation of time-sensitive documents, consumer electronics and industrial parts.</p><p></p><p>“FedEx could face scale challenges in competing effectively in Europe with a combination of UPS and TNT,” said Penelope Butcher, an analyst at Morgan Stanley.</p><p></p><p>However, considering UPS’s deeper pockets, some wonder if a takeover battle will ensue. “UPS is strongly positioned to outbid FedEx were its key U.S. rival to harbor ambitions to acquire TNT Express,” said Neil Glynn, analyst at Credit Suisse.</p></blockquote><p></p>
[QUOTE="cheryl, post: 942783, member: 1"] [URL="http://blogs.wsj.com/source/2012/02/20/could-a-bidding-war-for-tnt-be-in-the-post/"][B]Bidding War for TNT Express in the Post? - Wall Street Journal[/B][/URL] Following Friday’s announcement of UPS’s €9-per-share bid, debate turned quickly to how much higher UPS may bid and whether FedEx will launch a takeover battle for the smallest of four global shippers that dominate the transportation of time-sensitive documents, consumer electronics and industrial parts. “FedEx could face scale challenges in competing effectively in Europe with a combination of UPS and TNT,” said Penelope Butcher, an analyst at Morgan Stanley. However, considering UPS’s deeper pockets, some wonder if a takeover battle will ensue. “UPS is strongly positioned to outbid FedEx were its key U.S. rival to harbor ambitions to acquire TNT Express,” said Neil Glynn, analyst at Credit Suisse. [/QUOTE]
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