Bloomberg Business Week--United Parcel Service Inc. (UPS)’s 5.16 billion-euro ($6.6 billion) purchase of TNT Express NV (TNTE) faces growing investor skepticism as the world’s largest package- delivery company struggles to win European Union approval.
After TNT shares flirted with UPS’s 9.50-euro-a-share offer price, they have given up most of a 54 percent takeover premium and ended last week at 7.35 euros. That drop shows doubts about the sale after the top EU antitrust official urged “substantial remedies,” according to eight analysts surveyed by Bloomberg.
Read more!Bloomberg Business Week--United Parcel Service Inc. (UPS)
After TNT shares flirted with UPS’s 9.50-euro-a-share offer price, they have given up most of a 54 percent takeover premium and ended last week at 7.35 euros. That drop shows doubts about the sale after the top EU antitrust official urged “substantial remedies,” according to eight analysts surveyed by Bloomberg.
Read more!Bloomberg Business Week--United Parcel Service Inc. (UPS)
