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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
07/01/201519:40:48UPS, FedEx Move Full Speed Ahead in Europe
07/01/201519:28:18UPS, FedEx Move Full Speed Ahead in Europe
06/29/201516:34:24Annual Report of Employee Stock Plans (11-k)
06/25/201515:26:35Logistics Movers: UPS Promotes Willis, Names Mattes Operations...
06/23/201514:46:17E-Commerce Packages Travel Around Globe
06/23/201507:00:00UPS Canada intronise 26 livreurs au « Cercle d'honneur » pour l...
06/23/201507:00:0026 Canada UPSers Join "Circle of Honor" For Driving Safely For...
06/22/201519:01:05Is Amazon Making a Mistake With Two New Delivery Methods?
06/18/201518:02:03Why You Might Soon Be Delivering Packages for Amazon.com Inc.
06/17/201512:52:07FedEx Boosting Capital Spending, Profit Misses Estimates--5th...
06/17/201502:00:00Northeast Logistics Center to Usher in Global Logistics Transformation...
06/16/201515:18:13Uber, UPS Face Challenges Shipping Luxury Goods
06/15/201520:40:30UPS Capital to Buy Parcel Pro
06/15/201520:10:27UPS to End Some Shipping Discounts
06/15/201519:43:32UPS Plans to End Some Shipping Discounts for Holiday Season
06/15/201514:01:34UPS Capital Acquires Jewelry Shipper Parcel Pro
06/12/201508:05:02Was Moody's Right to Lower Its Outlook on United Parcel Service...
06/09/201506:59:00UPS parmi les 50 sociétés les plus socialement responsables a...
06/09/201506:59:00UPS Named one of Canada's Most Socially Responsible Companies
06/09/201502:14:48FedEx Raises Quarterly Dividend to 25 Cents

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