FedEx The Loser After UPS Buys TNT

Discussion in 'The Latest UPS Headlines' started by cheryl, Mar 20, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx The Loser After UPS Buys TNT - Seeking Alpha

    United Parcel Service (UPS), announced Monday it reached a deal to buy its rival TNT Express in a $6.8 billion deal that would value the Dutch company at €9.50 per share. The deal leaves FedEx (FDX) in the dust as both U.S.-based companies were chasing the same assets.

    After years of negotiations — including offers from FedEx — the deal will help secure UPS’s lead in the European shipping market.