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The European Commission has asked for more time to review UPS's proposed acquisition of TNT Express , saying that there are certain areas that require more time to analyze. As a 'Phase II' investigation can take up to 25 weeks to complete, it is likely the offer condition relating to competition clearance will not be satisfied by the end of the initial offer period said UPS which therefore expects to ...
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UPS has revealed its plans for the delivery of London 2012 team kit to Paralympic athletes across the UK, involving the warehousing, packing and delivery of more than 27,000 items to over 300 athletes.
The first step in the process will involve UPS warehousing all of the kit, so it can ...
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UPS and TNT Express have formally announced on a recommended all-cash offer of €9.50 per ordinary share for TNT Express. It values the latter's outstanding ordinary shares at about €5.16 billion. UPS will finance the Offer by using €3.7 billion of available cash on its balance sheet and €1.46 billion ...
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UNICEF partner UPS provided transport for the first aerial shipment of lifesaving supplies to Mauritania this year as part of the international aid effort to the drought-hit Sahel region of West and Central Africa that is affecting at least one million children.
The UPS flight, departing from Cologne, Germany on 22 ...
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UPS has agreed to buy rival carrier TNT Express for about €5.16 billion, slightly more than the initial €4.9 billion offer rejected by the Dutch-based operator earlier this month. TNT's executive and supervisory boards said they would unanimously intend to support and recommend the offer.
In a joint statement, the two ...
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UPS says that it is still interested in buying rival express carrier, TNT. In a statement issued on 16 March, the US-based company said it “ remains in constructive discussions with TNT Express N.V. regarding a potential transaction to acquire the entire issued share capital of TNT Express.”
It adds that ...
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UPS is reported to be nearing agreement to buy TNT Express NV following the rejection of the US giant's initial €4.9 billion euro offer was rejected, according to Bloomberg. The news agency reported that the sides are now close to a deal on the price, but on conditions that may lead to ...
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