ups

UPS ‘close’ to TNT deal

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 job cuts and divestments to win antitrust approval, said Bloomberg, quoting people who declined to be identified. A formal announcement ... [+]