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UPS Appeals EU's Rejection of $6.7 Billion TNT Express Takeover

2013-04-08 02:04:38| Trucking - Topix.net

United Parcel Service Inc. said it appealed the European Union regulator's January decision to block its 5.16 billion-euro bid for Dutch rival TNT Express NV.

Tags: express ups billion appeals

 

UPS Appeals EU's Rejection of $6.7 Billion TNT Express Takeover

2013-04-08 01:19:45| Air Courier - Topix.net

United Parcel Service Inc. said it appealed the European Union regulator's January decision to block its 5.16 billion-euro bid for Dutch rival TNT Express NV.

Tags: express ups billion appeals

 
 

TNT Agrees to Sell China Road Unit to Citic Private-Equity Funds

2013-03-28 09:48:51| Air Courier - Topix.net

TNT Express NV agreed to sell its Hoau domestic road operations in China to private equity funds as the delivery company focuses on European business following the failure of a takeover by United Parcel Service Inc.

Tags: china road sell unit

 

TNT to Sell Chinese Unit as Failed UPS Deal Prompts Job Cuts

2013-03-25 17:59:59| Trucking - Topix.net

TNT Express NV plans to sell its operations in China and Brazil in 2013 and cut 4,000 jobs in three years in a shift of focus to European business following the failure of a takeover by United Parcel Service Inc.

Tags: sell job unit deal

 

TNT Express cuts 6 percent of workforce in restructuring

2013-03-25 12:25:13| Air Courier - Topix.net

Dutch express delivery firm TNT Express , which was the target of a failed $7 billion takeover by United Parcel Service , said it will cut 4,000 jobs, equivalent to 6 percent of the workforce, in a bid to improve profits.

Tags: express percent cuts workforce

 

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