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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.