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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
04/28/201616:50:00Amazon Reports Another Profit
04/28/201615:20:00UPS Announces Changes to Finance Leadership Team
04/28/201609:39:07Current Report Filing (8-k)
04/28/201609:20:00MARKET SNAPSHOT: U.S. Stock Futures Tumble After Weak U.S. GDP...
04/28/201609:00:00UPS Earnings Rise as Deliveries Increase
04/28/201608:56:00UPS Earnings Rise as Deliveries Increase
04/28/201607:52:48Current Report Filing (8-k)
04/28/201607:45:00UPS Reports Record 1Q EPS
04/26/201615:13:00Looming German Airport-Staff Strike Threatens UPS Operations
04/22/201617:12:01Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/22/201616:09:27Statement of Changes in Beneficial Ownership (4)
04/18/201611:12:27Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/18/201609:30:00UPS to Release 1st Quarter Results on April 28, 2016
04/18/201608:57:47Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/13/201609:30:00UPS Names Tamara Barker New Chief Sustainability Officer
04/12/201609:15:00UPS Wins 2016 INFORMS Franz Edelman Award for Changing the Future...
04/05/201606:02:15Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/01/201617:17:14Current Report Filing (8-k)
03/31/201610:30:00UPS Integrad Opens in McKinney, TX
03/31/201609:00:00UPS Appoints Juan R. Perez Chief Information Officer as Dave...

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