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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
02/10/201618:20:00UPS Names New Chairman, Boosts Dividend
02/10/201617:48:00UPS Names New Chairman, Boosts Dividend
02/10/201616:15:00UPS Board of Directors Names David Abney Chairman, Appoints William...
02/10/201613:56:25Klayman & Toskes, P.A. Wins $2.25 Million FINRA Arbitration Award...
02/10/201610:00:00UPS Expands Agreement for Renewable Liquefied Natural Gas in...
02/10/201607:00:00UPS Canada Delivers More than 84,000 Volunteer Hours to Canadian...
02/10/201607:00:00UPS Canada consacre plus de 84 000 heures au bénévolat en soutien a...
02/09/201617:28:00U.S. Postal Service Swings to Profit -- Update
02/09/201609:56:00UPS Shares Valentine’s Day ‘Lovegistics’
02/08/201616:06:00Statement of Changes in Beneficial Ownership (4)
02/05/201609:00:00Mobile Matters More for High-Tech Online Shoppers, UPS Study...
02/03/201617:35:00UPS Congratulates TPP Countries on Signing of Unprecedented Trade...
02/03/201603:02:00Holiday Online Sales Boost UPS
02/02/201614:39:00UPS Profit Tops Forecasts; Upbeat Outlook Given for Year -- Update
02/02/201609:50:00UPS Profit Tops Views
02/02/201608:57:00UPS Profit Tops Views on Growth in International Segment
02/02/201608:10:19Current Report Filing (8-k)
02/02/201607:45:00UPS Delivers Peak Profits
02/01/201616:47:28Statement of Changes in Beneficial Ownership (4)
02/01/201616:44:26Statement of Changes in Beneficial Ownership (4)

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