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TNT Talked To Several Parties Last Year, Only UPS Made Offer

AMSTERDAM -(Dow Jones)- TNT Express NV (TNTE.AE) last year held talks with several parties about a potential acquisition before the Dutch shipping company in March agreed to an offer from U.S. rival United Parcel Service Inc. (UPS), Supervisory Board chairman Antony Burgmans said Wednesday. In March, UPS said it had agreed to buy smaller rival TNT Express in an all-cash deal valuing the Dutch package shipper at EUR5.16 billion. In response to questions from shareholders at the annual meeting of shareholders, Burgmans said that while interest was moderate, the company did hold talks with other potential buyers. He added that only strategic parties expressed interest and talks didn't advance to a point where an offer was made. Analysts and shareholders have been speculating on the potential of U.S.-based FedEx Corp. (FDX) making a counterbid for TNT, although those hopes diminished after FedEx Chief Executive and founder Fred Smith reiterated his view that FedEx has no strategic need for a big acquisition in Europe. Smith declined to comment specifically on UPS's plan to buy Dutch company TNT Express. - By Robin van Daalen; Dow Jones Newswires; +31 20 571 52 01; robin.vandaalen@dowjones.com

Stock News for Fedex (FDX)
DateTimeHeadline
06/22/201603:07:00FedEx to Increase Capital Spending by 6% -- WSJ
06/21/201619:12:00FedEx Plans Spending Increases, Offers Lackluster Outlook...
06/21/201617:52:00FedEx Offers Lackluster Outlook--Update
06/21/201617:30:00FedEx Offers Lackluster Outlook
06/21/201617:13:00FedEx Offers Lackluster Outlook
06/21/201616:23:18Current Report Filing (8-k)
06/21/201616:15:00FedEx Corp. Reports Fourth Quarter Earnings
06/21/201603:02:00Ahead of the Tape: No Memphis Blues for FedEx -- WSJ
06/20/201613:53:00No Memphis Blues for FedEx -- Ahead of the Tape
06/20/201606:02:50Current Report Filing (8-k)
06/20/201603:03:00FedEx Says Pharmacy Charges Dismissed -- WSJ
06/17/201618:37:00FedEx: Justice Department Dismisses Charges Over Online Pharmacy...
06/17/201616:25:00FedEx Announces Successful Conclusion of Internet Pharmacy Case
06/17/201608:10:00Pre-Market Review on Air Delivery & Freight Services Equities...
06/16/201622:20:00FedEx Agrees to $240 Million Settlement With Drivers
06/16/201620:59:00FedEx Agrees to $240 Million Settlement With Drivers in 20 States
06/16/201611:00:00FedEx Express and Orbis International Debut New Flying Eye Hospital...
06/10/201617:02:11Current Report Filing (8-k)
06/08/201617:47:36Statement of Changes in Beneficial Ownership (4)
06/08/201617:44:07Statement of Changes in Beneficial Ownership (4)

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