UPS to Merge with TNT Express


UPS to Merge with TNT Express

Monday’s statements received from United Parcel Service Inc. (UPS) are claiming that the company is all set to sign an agreement with its Dutch rival, TNT Express NV TNTE. AE, to acquire its control over same following the €5.16 billion ($6.80 billion) deal.

Moreover, the agreement will also push UPS to the position of the leading package-shipping company in Europe. UPS’s plans of paying €9.50 per share for TNT Express can gain them the acquisition over their so-called rivals.

There are majorly four biggest global package shippers in the market today, including UPS, TNT, FedEx and DHL, with TNT being the smallest in all. Unfortunately, the company’s recent struggle is behind its decision of merger, which will enable UPS to enjoy the market-leading position all over Europe with its big domestic U. S. presence and still increasingly expanding Asian business.

UPS and TNT as partners are being expected to generate good annual revenues of €45 billion or even more.

The acquisition over TNT is UPS’s biggest deals till date, says the company. Analyst expectations are also pointing to experience more regulatory pressure over asset sales with the merger. “The token 50 cents improvement on last month’s informal proposal is hardly surprising”, said SNS Securities analyst Mr. Geert Steens. “TNT Express has since released disappointing results, confirming the sad state of most of its non-European businesses”.

Latest News

Clean Energy Research to get Historic Investment during the United Nations
Investors Keenly Wait for OPEC Meeting; Oil Prices Move Up a Little
Amazon Testing Drones in Multiple International Locations
NextEra Agrees to Sell Two Texas Power Plants to Luminant
China’s Yuan Could be Named a Reserve Currency by the IMF
Rupert Murdoch Tweets Tribune Probably Selling Los Angeles Times
Black Friday Shopping “Uninspiring” in Brick and Mortar Stores; Shopping Trends
U.S. Crude Drops Further Due to Surplus Supply
CVC and CPPIB Outbid Others for a Possible Deal to Buy Petco for $4.7 Billion
US Government All Set to Introduce a New Law for Americans “Seriously Delinquent
Reportedly Pfizer Plans to Acquire Allergan in a Deal of $150 Billion or More
In October Most States Experienced a Drop in Unemployment Rate