logo
Share SHARE
FONT-SIZE Plus   Neg

UPS Says Remains In Constructive Discussions With TNT - Quick Facts

Package delivery giant United Parcel Service Inc. (UPS) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walt Disney Co. has threatened to pull its programming from cable distributor Altice USA Inc. if the two companies are unable to reach a new deal before the end of September. The current contract between the two companies expires at the end of this month. Jaguar Land Rover, Britain's biggest car maker, is eyeing potential acquisitions of international automakers, Bloomberg reported Monday, citing people with knowledge of the matter. Jaguar Land Rover, owned by India's Tata Motors Ltd., has reportedly been holding internal discussion on acquiring other brands in order to diversify its range of vehicles. Target Corp. said Monday that it plans to raise minimum hourly wage for all its workers to $11 in October, marking its third wage increase in three years. The discount-store operator also said it is committed to increasing the minimum hourly wage to $15 by the end of 2020.
comments powered by Disqus
Follow RTT