ADVFN - Advanced Financial Network.
HOME» NYSE » U » UPS Stock Price » UPS Stock News

Ups Share News

 United Parcel Service Stock Price
UPS Stock Price
 United Parcel Service Stock Chart
UPS Stock Chart
 United Parcel Service Stock News
UPS Stock News
 United Parcel Service Company Information
UPS Company Information
 United Parcel Service Stock Trades
UPS Stock Trades

UPS Sees TNT Acquisition Closing in Fourth Quarter

United Parcel Service Inc. (UPS) said its proposed acquisition of TNT Express N.V. (TNTE.AE, TNTEY) is expected to close in the fourth quarter as European Union regulatory authorities need more time to analyze certain areas of the deal. UPS said the European Commission's review of the deal is expected to move to a Phase II review, which can take up to 25 weeks to complete. The shipping giant said it is likely the offer condition relating to competition clearance will not be satisfied by the end of the initial offer period and said it expects to extend the offer period beyond Aug. 31. The company had previously expected the deal to close in the third quarter. In March, UPS reached an agreement to acquire TNT in a deal valuing the Dutch package shipper at around EUR5.16 billion. TNT Express is the smallest of the big four global package shippers, and while it has struggled somewhat in recent months, the merger would give UPS a market-leading position in Europe to round out its big domestic U.S. presence and expanding Asian business. In April, UPS reported its first-quarter earnings rose 6% on stronger profits in its U.S. package and supply chain and freight businesses, though profit in its international package unit declined. Shares closed at $79.44 Friday and were unchanged after hours. The stock is up 8.5% since the start of the year. Write to Nathalie Tadena at nathalie.tadena@dowjones.com

Stock News for Ups (UPS)
DateTimeHeadline
06/29/201615:00:00At the Heart of Free Trade
06/28/201613:44:21Notice to Merrill Lynch Clients with Rampart Options Management...
06/28/201613:00:00UPS Recognized As One of the Most Community-Minded Companies...
06/28/201610:53:33Annual Report of Employee Stock Plans (11-k)
06/28/201607:00:00Le réseau Point d'accès UPS est prêt à traiter du volume add...
06/28/201607:00:00UPS Access Point Network ready for more volume
06/24/201609:00:00UPS Announces Record Investment in France
06/23/201609:00:00The UPS Foundation to Award More Than $ 7.4 Million to Promote...
06/22/201610:00:00UPS Driver Training Center Opens in West Boylston, Massachusetts
06/17/201608:10:00Pre-Market Review on Air Delivery & Freight Services Equities...
06/15/201616:15:56Current Report Filing (8-k)
06/15/201615:00:00The Urgency of Trade and TPP
06/14/201607:08:00Today's Top Supply Chain and Logistics News From WSJ
06/13/201616:30:00FAA Slaps Amazon With $350,000 Penalty for Shipping Violation
06/10/201617:52:22Notice to Merrill Lynch Clients with Rampart Options Management...
06/08/201612:10:41INVESTOR ALERT: The Securities Arbitration Law Firm of Klayman...
06/08/201611:00:00UPS Study: Avid Online Shoppers Making More than Half of Their...
06/08/201606:05:31Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/08/201600:10:00Amazon Plans $3 Billion India Investment
06/07/201609:00:00UPS Integrad Driver Training Facility Opens in Cologne, Germany

Ups and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad