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UPS Makes Cash Offer for Outstanding Shares of TNT Express

United Parcel Service (UPS) has made a cash offer for all the issued and outstanding ordinary shares and American depositary shares of TNT Express (TNTEY) at 9.50 euro each, UPS said Thursday in a statement. The UPS statement added that TNT Express' boards "fully support and unanimously recommend the offer" to company shareholders. TNT Express shareholder PostNL NV, currently owning about 29.8% of the company, "has irrevocably undertaken to tender its shares under the offer," the UPS statement added. The UPS offer will open June 22 and close Aug. 31. TNT Express will hold an extraordinary general meeting Aug. 6 to discuss the offer. Write to equitiesslot@dowjones.com

Stock News for Ups (UPS)
DateTimeHeadline
05/26/201616:12:57Statement of Changes in Beneficial Ownership (4)
05/23/201606:58:00Today's Top Supply Chain and Logistics News From WSJ
05/18/201616:00:00Hertz Global Holdings, Inc. Stockholders Approve Company Proposals...
05/18/201609:00:00UPS to Launch On-Demand 3D Printing Manufacturing Network
05/18/201609:00:00SAP and UPS to Simplify Industrial On-Demand Manufacturing Through...
05/18/201600:30:00UPS Boosts Commitment to 3-D On-Demand Printing
05/17/201609:30:00UPS Named A Leader in Gartner Magic Quadrant for 3PL, Worldwide
05/16/201616:45:39Statement of Changes in Beneficial Ownership (4)
05/16/201616:45:39Statement of Changes in Beneficial Ownership (4)
05/16/201616:45:39Statement of Changes in Beneficial Ownership (4)
05/16/201616:45:39Statement of Changes in Beneficial Ownership (4)
05/16/201616:45:13Statement of Changes in Beneficial Ownership (4)
05/16/201616:41:23Statement of Changes in Beneficial Ownership (4)
05/16/201616:40:51Statement of Changes in Beneficial Ownership (4)
05/16/201616:40:51Statement of Changes in Beneficial Ownership (4)
05/16/201616:40:51Statement of Changes in Beneficial Ownership (4)
05/16/201616:31:46Statement of Changes in Beneficial Ownership (4)
05/16/201616:26:29Statement of Changes in Beneficial Ownership (4)
05/16/201616:26:03Statement of Changes in Beneficial Ownership (4)
05/13/201609:00:00UPS To Open New Facility In Round Rock, TX

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