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
Live-streaming video platform Twitch said it will launch a new affiliate program for non-partnered streamers that will allow them to earn money as they broadcast on the platform. This will be similar to YouTube's Partner program and is part of Twitch's efforts to broaden its appeal. Chocolate company Hershey Co. said it will increase the visibility of nutrition information and portion options of its snacks as well as reduce the sweets' calorie count. The move is part of the company's ongoing efforts to offer a broad range of snacks and clear information in response to feedback from consumers, who are shifting to healthier foods. The Coca-Cola Company (KO) reported a profit for the first-quarter of 2017 that declined 20 percent from the prior year. Net revenues declined 11%, reflecting unfavorable impacts from structural changes of 10% and foreign currency of 1%. The company remains on track to deliver its underlying revenue and profit targets for the full year.
comments powered by Disqus
Follow RTT