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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
08/24/201617:22:26Current Report Filing (8-k)
08/19/201616:39:33Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
08/19/201613:33:50Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
08/19/201608:33:35Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
08/18/201610:15:00UPS accélère l'acheminement des colis pour les entreprises e...
08/18/201610:15:00UPS helps Canadian businesses and online shoppers get packages...
08/18/201609:00:00UPS Helps Canadian Businesses and Online Shoppers Get Packages...
08/15/201621:40:00UPS CEO Urges Passage of Trans-Pacific Partnership Trade Agreement
08/15/201617:24:00UPS CEO Urges Passage of Trans-Pacific Partnership Trade Agreement
08/15/201616:19:01Statement of Changes in Beneficial Ownership (4)
08/15/201609:00:00UPS Wins 2016 CIO 100 Award for Package Network Visibility Tool
08/09/201617:00:00Warburg Pincus Makes Investment in BlueGrace Logistics
08/09/201611:10:00U.S. Postal Service Revenue Rises on Shipping Growth, but Losses...
08/09/201610:59:00U.S. Postal Service Revenue Rises on Shipping Growth, but Losses...
08/08/201609:00:00UPS Report Shows “Smart Operations” Are Key to Manufacturing Exc...
08/05/201616:15:00UPS Board Announces Quarterly Dividend
08/05/201609:29:47Quarterly Report (10-q)
08/05/201603:20:00Amazon Reveals 'Prime Air' Cargo Jet
08/05/201603:03:00Amazon Reveals 'Prime Air' Cargo Jet
08/04/201616:08:51Statement of Changes in Beneficial Ownership (4)

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