Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

UPS Says Remains In Constructive Discussions With TNT - Quick Facts

RELATED NEWS
Trade UPS now with 

Package delivery giant United Parcel Service Inc. (UPS: Quote) on Thursday said it remains in constructive discussions with TNT Express N.V. regarding a potential transaction to acquire the Dutch package delivery firm.

In line with regulatory requirements, UPS said it still has the intention to submit a request for approval of its offer document to the Netherlands Authority for the Financial Markets within 12 weeks from its initial announcement of February 17.

The 4.9 billion euro bid made by UPS in February was rejected by the Dutch company. Recent reports had indicated that the two companies were in talks on the price and terms.

Click here to receive FREE breaking news email alerts for United Parcel Service and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After failing to sustain an initial upward move, stocks have shown a lack of direction over the course of the trading day on Friday. The Dow and the S&P 500 reached new record highs in early trading but have given back ground since then. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State. While the Conference Board released a report on Friday showing a continued increase by its index of leading U.S. economic indicators in the month of August, the pace of growth showed a significant slowdown compared to the previous month.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.