Arab Today, arab today ups close to buying rival tnt express
Last Updated : GMT 22:47:41
Arab Today, arab today
Arab Today, arab today

UPS close to buying rival TNT Express

Arab Today, arab today

Arab Today, arab today UPS close to buying rival TNT Express

New York - AFP

United Parcel Service is close to concluding a 5.2-billion-euro ($6.8 billion) deal to acquire Dutch rival TNT Express NV and thus create a dominant package-shipping company in Europe, The Wall Street Journal reported. Citing informed sources, the newspaper said UPS planned to pay 9.50 euros a share for TNT Express, an increase from its prior offer of nine euros per share. UPS originally offered to pay 8.25 euros a share after it first approached the company late last year, the report said. The two sides have informally agreed on a deal and have no substantial outstanding points to negotiate, the paper said. They were expected to reach a formal agreement Sunday night and announce it Monday. Last month TNT Express said it had rejected a 4.9 billion euro ($6.4 billion) unsolicited offer by the US-based parcel and logistics giant, but remained in discussions. The parties have been discussing so-called social issues, which tend to involve personnel and leadership, according to the Wall Street Journal report. One particular sticking point involved whether TNT's Dutch headquarters would serve as the base for the combined business's European operation. TNT Express operates in more than 200 countries and employs 83,000 people.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ups close to buying rival tnt express Arab Today, arab today ups close to buying rival tnt express

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ups close to buying rival tnt express Arab Today, arab today ups close to buying rival tnt express

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday