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.
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.
