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FDX is trying to buy DHL?
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<blockquote data-quote="moodaddy247" data-source="post: 296022" data-attributes="member: 13619"><p>Seeking to cut losses in the hyper-competitive domestic fast delivery business, Deutsche Post may move to trim its DHL business in the United States, without abandoning it completely, according to published reports on Friday. </p><p>Deutsche Post CFO John Allan was quoted by Frankfurter Allgemeine Zeitung, a German newspaper, that a total sale of DHL in the U.S. is "very, very unlikely." </p><p>A deal could be in the works by May at the latest, according to the report. </p><p>Shares of FedEx rose 1.6% to end at $89.96, bucking the move down in the overall market. UPS fell 1.8% to $69.97. </p><p></p><p>A spokesman for Memphis-based FedEx didn't return a phone call from MarketWatch. </p><p>Analyst Rick Paterson of UBS said FedEx doesn't really need DHL's U.S. delivery assets, and that it simply has to wait for it to lose ground over time to eventually win over its domestic market share. </p><p>FedEx, however, would benefit if DHL allowed it to become the U.S. distributor of its hefty package traffic originating in Europe and Asia, he said. </p><p>FedEx would have the edge in any talks because Deutsche Post is under pressure from shareholders to produce some kind of value for DHL. </p><p> </p><p> with apologies to wsj.com</p></blockquote><p></p>
[QUOTE="moodaddy247, post: 296022, member: 13619"] Seeking to cut losses in the hyper-competitive domestic fast delivery business, Deutsche Post may move to trim its DHL business in the United States, without abandoning it completely, according to published reports on Friday. Deutsche Post CFO John Allan was quoted by Frankfurter Allgemeine Zeitung, a German newspaper, that a total sale of DHL in the U.S. is "very, very unlikely." A deal could be in the works by May at the latest, according to the report. Shares of FedEx rose 1.6% to end at $89.96, bucking the move down in the overall market. UPS [B][/B]fell 1.8% to $69.97. A spokesman for Memphis-based FedEx didn't return a phone call from MarketWatch. Analyst Rick Paterson of UBS said FedEx doesn't really need DHL's U.S. delivery assets, and that it simply has to wait for it to lose ground over time to eventually win over its domestic market share. FedEx, however, would benefit if DHL allowed it to become the U.S. distributor of its hefty package traffic originating in Europe and Asia, he said. FedEx would have the edge in any talks because Deutsche Post is under pressure from shareholders to produce some kind of value for DHL. with apologies to wsj.com [/QUOTE]
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