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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
09/23/201617:40:00UPS Uses Drone to Deliver Package to Boston-Area Island
09/23/201616:52:00UPS Uses Drone to Deliver Package to Boston-Area Island
09/23/201608:30:00UPS and CyPhy Works Test Drone for Urgent Commercial Delivery
09/21/201609:00:00UPS To Open Advanced Technology Package Center in Compton, CA
09/19/201618:20:00FedEx Details Plans to Raise Rates Next Year
09/19/201609:29:00Kohl's Holiday Hiring Plans Reflect a Flattening Trend
09/19/201608:30:00UPS On-Demand 3D Printing Network Expanded To Asia
09/16/201617:32:40Statement of Changes in Beneficial Ownership (4)
09/16/201617:32:40Statement of Changes in Beneficial Ownership (4)
09/16/201617:32:14Statement of Changes in Beneficial Ownership (4)
09/16/201617:31:23Statement of Changes in Beneficial Ownership (4)
09/16/201617:31:23Statement of Changes in Beneficial Ownership (4)
09/16/201616:52:29Current Report Filing (8-k)
09/16/201616:50:00Pratt & Whitney Will Miss Jet Engine Goal, UTX CEO Says
09/15/201610:00:00The UPS Store Teams Up With Toys for Tots to Showcase the Importance...
09/14/201611:40:00UPS Projects Holiday Hiring in Line With Last Year
09/14/201611:32:00UPS Projects Holiday Hiring in Line With Last Year
09/14/201609:00:00UPS To Hire About 95,000 for Holiday Season
09/13/201622:30:00Obama Administration Makes Last-Ditch Push for Trade Vote
09/08/201609:30:00UPS Named To Dow Jones Sustainability World Index For Fourth...

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