UPS Boxes Up TNT: Reactions To A Giant Shipping Deal - Wall Street Journal
UPS reached its deal to buy TNT Express, some 48 hours after saying there was no deal in place but that it still wanted to reach one.
The $6.8 billion deal is among the biggest of the year, and UPS’ biggest, and will boost the U.S. shipping giant in Europe.
UPS shares are up 1% in premarket trading, at $79.20 while chief rival FedEx is little changed.
UPS reached its deal to buy TNT Express, some 48 hours after saying there was no deal in place but that it still wanted to reach one.
The $6.8 billion deal is among the biggest of the year, and UPS’ biggest, and will boost the U.S. shipping giant in Europe.
UPS shares are up 1% in premarket trading, at $79.20 while chief rival FedEx is little changed.
