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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
02/21/201706:51:39Annual Report (10-k)
02/20/201710:00:00UPS Honors Arizona Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Idaho Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors New Mexico Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors North Dakota Drivers For 25 Years of Safe Driving
02/20/201710:00:00UPS Honors South Dakota Drivers For 25 Years of Safe Driving
02/20/201710:00:00UPS Honors New York Drivers For 25 Years Of Safe Driving
02/20/201710:00:00UPS Honors Maine Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Virginia Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Ohio Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Massachusetts Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Montana Drivers For 25 Years of Safe Driving
02/20/201710:00:00UPS Honors North Carolina Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors New Hampshire Drivers For 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Nebraska Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Utah Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Mississippi Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Nevada Drivers For 25 Years of Safe Driving
02/20/201710:00:00UPS Honors Vermont Drivers for 25 Years of Safe Driving
02/20/201710:00:00UPS Honors South Carolina Drivers For 25 Years of Safe Driving

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