PostNL executives sold shares after UPS bid - Reuters
Executives at Dutch postal group PostNL (PTNL.AS) have sold more than 227,000 euros worth of stock in the company and its unit TNT Express (TNTE.AS), which is in takeover talks with U.S. rival United Parcel Service UPS (UPS.N), filings showed.
"One might conclude that they have little confidence in a higher bid on TNT Express, but on the other hand it is not unusual for executives to sell shares in their company around the publication of their annual results," analyst Maarten Bakker of ABN Amro said.
Executives at Dutch postal group PostNL (PTNL.AS) have sold more than 227,000 euros worth of stock in the company and its unit TNT Express (TNTE.AS), which is in takeover talks with U.S. rival United Parcel Service UPS (UPS.N), filings showed.
"One might conclude that they have little confidence in a higher bid on TNT Express, but on the other hand it is not unusual for executives to sell shares in their company around the publication of their annual results," analyst Maarten Bakker of ABN Amro said.
