UPS to buy TNT Express

March 19, 2012: United Parcel Service Inc. said Monday it has agreed to buy TNT Express NV for $6.77 billion (€5.16 billion) in a deal supported by TNT's boards.

UPS's cash offer of €9.5 ($12.51) per share for TNT — Europe's second-largest express delivery company behind DHL — comes a month after TNT management turned down a €9 per share offer. The companies remained in talks, assisted by a strengthening dollar.

Click here to read more at Yahoo! News.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

In “Act of Cowardice,” Hoffa Revokes Local 2011 Charter

The Hoffa administration has pulled the plug on Teamster organizing among thousands of Florida public sector corrections officers by revoking the charter of Teamster Local 2011.  

Hoffa Corruption Cover-Up

A Hoffa-appointed panel has found Hoffa’s Executive Assistant Willie Smith not guilty after Smith was caught taking Playboy Super Bowl Party tickets from Teamster employer Southern Wine & Spirits. Their miscarriage of justice will now go before Judge Barbara Jones for review. (Reprinted from Teamsters United)

 

View More News Posts