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The Latest UPS Headlines
UPS Begins Offer Period In $6.5 Billion TNT Express Takeover
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<blockquote data-quote="cheryl" data-source="post: 985804" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2012-06-21/ups-begins-offer-period-in-6-5-billion-tnt-express-takeover-2-.html" target="_blank"><strong>UPS Begins Offer Period In $6.5 Billion TNT Express Takeover - Bloomberg</strong></a></p><p></p><p>United Parcel Service Inc. (UPS)’s 5.16 billion-euro ($6.5 billion) cash offer for TNT Express NV (TNTE) runs through Aug. 31 as the U.S. company seeks to expand in Europe with the biggest deal in its 105-year history.</p><p></p><p>TNT Express, which agreed to accept the bid of 9.50 euros a share on March 19, will hold an investor meeting in Amsterdam on Aug. 6 to brief its shareholders on the takeover, the companies said today in a joint statement.</p><p></p><p>UPS, the world’s largest package-delivery company, will vault into equal footing in Europe with Deutsche Post’s DHL, the market-share leader, following the takeover of TNT, which it reiterated today will produce pretax cost savings of 400 million euros to 550 million euros annually after four years.</p></blockquote><p></p>
[QUOTE="cheryl, post: 985804, member: 1"] [URL="http://www.bloomberg.com/news/2012-06-21/ups-begins-offer-period-in-6-5-billion-tnt-express-takeover-2-.html"][b]UPS Begins Offer Period In $6.5 Billion TNT Express Takeover - Bloomberg[/b][/URL] United Parcel Service Inc. (UPS)’s 5.16 billion-euro ($6.5 billion) cash offer for TNT Express NV (TNTE) runs through Aug. 31 as the U.S. company seeks to expand in Europe with the biggest deal in its 105-year history. TNT Express, which agreed to accept the bid of 9.50 euros a share on March 19, will hold an investor meeting in Amsterdam on Aug. 6 to brief its shareholders on the takeover, the companies said today in a joint statement. UPS, the world’s largest package-delivery company, will vault into equal footing in Europe with Deutsche Post’s DHL, the market-share leader, following the takeover of TNT, which it reiterated today will produce pretax cost savings of 400 million euros to 550 million euros annually after four years. [/QUOTE]
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UPS Begins Offer Period In $6.5 Billion TNT Express Takeover
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