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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
08/25/201423:50:39Investigators Expel Pilots Union, UPS from Crash Probe
08/25/201423:24:11Federal Investigators Expel Pilots Union, UPS From Crash Probe
08/21/201409:41:01U.S. Hot Stocks: Hot Stocks to Watch
08/21/201408:56:49Stock Futures Rise Ahead of Jobs Data, Yellen Speech
08/21/201406:14:41MARKET SNAPSHOT: U.S. Stocks: Futures Up As Fed, China Given...
07/29/201416:33:16MARKET SNAPSHOT: U.S. Stocks End Choppy Trade Lower
07/29/201410:39:16MARKET SNAPSHOT: U.S. Stocks Rise; Dow Above 17,000
07/29/201409:50:28MARKET SNAPSHOT: U.S. Stocks Open Higher; Dow Above 17,000
07/29/201409:33:23MARKET SNAPSHOT: U.S. Stocks: Futures Rise; Housing Prices Next
07/29/201408:15:52MARKET SNAPSHOT: U.S. Stocks: Futures Rise After Merck, Pfizer...
07/29/201407:09:18MARKET SNAPSHOT: U.S. Stocks: Futures Choppy Before Confidence...
07/29/201406:07:35MARKET SNAPSHOT: U.S. Stocks: Futures Decline Before Confidence...
07/02/201410:02:09UPS to Invest in European Distribution Capacities -- Report
06/17/201412:03:15UPS to Factor Box Size Into Pricing -- Update
06/12/201410:20:09United Parcel Appoints Chief Commercial Officer
06/10/201422:12:34Former and Current UPS Employees Allege Race Discrimination in...
06/06/201413:54:13UPS Names Operating Chief Abney as CEO -- 4th Update
06/06/201409:44:10UPS Names Operating Chief Abney as CEO -- 3rd Update
06/06/201409:21:04UPS Names Operating Chief Abney as CEO -- 2nd Update
06/06/201408:23:38UPS Names Operating Chief Abney as CEO -- Update

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