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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
08/28/201516:10:46Statement of Changes in Beneficial Ownership (4)
08/19/201512:37:00UPS Arranges a Special Pick-up From a UPS Access Point to Scuderia...
08/19/201512:37:00UPS Arranges a Special Pick-up From a UPS Access Point to Scuderia...
08/18/201507:30:00U.S. Postal Service Tries Hand as Fishmonger, Grocer
08/14/201516:09:00Statement of Changes in Beneficial Ownership (4)
08/07/201518:09:23Quarterly Report (10-q)
08/07/201516:46:11Securities Registration: Employee Benefit Plan (s-8)
08/06/201516:04:50Statement of Changes in Beneficial Ownership (4)
08/03/201516:02:24Statement of Changes in Beneficial Ownership (4)
08/03/201510:26:32Current Report Filing (8-k)
07/31/201519:59:08UPS Buys Firm To Aid Logistics
07/31/201515:50:04UPS to Buy Coyote Logistics for $1.8 Billion
07/31/201515:30:42UPS to Buy Coyote for $1.8 Billion as Delivery Giants Turn to...
07/31/201512:14:37EU Probes FedEx, TNT Deal -- 3rd Update
07/31/201511:09:12EU Probes FedEx, TNT Deal -- 2nd Update
07/31/201510:39:16EU Probes FedEx, TNT Deal -- Update
07/31/201510:30:07EU Probes FedEx, TNT Deal
07/31/201510:29:51UPS to Buy Coyote Logistics for $1.8 Billion -- Update
07/31/201510:22:46EU Opens Investigation Into FedEx's Acquisition of TNT Express
07/31/201509:35:00UPS accélère sa progression vers ses objectifs de développement du...

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