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UPS to Buy TNT

  • The Captain
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19 Mar 2012 12:14 #80403 by The Captain
United Parcel Service Inc. said Monday it will buy Netherlands-based TNT Express NV for $6.77 billion (€5.16 billion) in a cash deal that will create a company with annual sales of €60 billion.
Atlanta-based UPS is the world's largest delivery company, while TNT, headquartered in Hoofddorp, Netherlands, is the second-biggest express mail company in Europe behind Germany's DHL. The combination will have 475,000 employees worldwide and increase UPS's international sales to around 36 percent of its total from 26 percent at present.
"Why is TNT very attractive?" said UPS Chief Financial Officer Kurt Kuehn at a press conference in Amsterdam. Because it has "operations in areas where we're underserved. Brazil. Australia. The Middle East. The road and train network in Europe."

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19 Mar 2012 12:16 #80405 by chairman
i thought kamla was a sellout for a moment
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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19 Mar 2012 12:28 #80408 by ketchim
kamla sell out TnT ??  :lipsrsealed:

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19 Mar 2012 19:57 #80461 by Kwami
this company has nothing to do with Trinidad and Tobago

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