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
09/01/201516:03:39Statement of Changes in Beneficial Ownership (4)
08/28/201516:10:46Statement of Changes in Beneficial Ownership (4)
08/19/201512:37:00UPS Arranges a Special Pick-up From a UPS Access Point to Scuderia...
08/19/201512:37:00UPS Arranges a Special Pick-up From a UPS Access Point to Scuderia...
08/18/201507:30:00U.S. Postal Service Tries Hand as Fishmonger, Grocer
08/14/201516:09:00Statement of Changes in Beneficial Ownership (4)
08/07/201518:09:23Quarterly Report (10-q)
08/07/201516:46:11Securities Registration: Employee Benefit Plan (s-8)
08/06/201516:04:50Statement of Changes in Beneficial Ownership (4)
08/03/201516:02:24Statement of Changes in Beneficial Ownership (4)
08/03/201510:26:32Current Report Filing (8-k)
07/31/201519:59:08UPS Buys Firm To Aid Logistics
07/31/201515:50:04UPS to Buy Coyote Logistics for $1.8 Billion
07/31/201515:30:42UPS to Buy Coyote for $1.8 Billion as Delivery Giants Turn to...
07/31/201512:14:37EU Probes FedEx, TNT Deal -- 3rd Update
07/31/201511:09:12EU Probes FedEx, TNT Deal -- 2nd Update
07/31/201510:39:16EU Probes FedEx, TNT Deal -- Update
07/31/201510:30:07EU Probes FedEx, TNT Deal
07/31/201510:29:51UPS to Buy Coyote Logistics for $1.8 Billion -- Update
07/31/201510:22:46EU Opens Investigation Into FedEx's Acquisition of TNT Express

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad