TNT Express takes off on the stock exchange, exceeds the bid for UPS

February 20, 2012 - 6:00 am Comments Off

The action of TNT Express flew more than 50% Monday on the exchanges of Amsterdam, beyond the purchase price offered by the American UPS, indicating that investors expect a proposal for enhanced .

UPS said Friday it had offered € 9 per share to buy the Dutch group messaging, valuing it around 4.9 billion euros. TNT Express has rejected the offer, but discussions are continuing between the two groups.

The action was traded to TNT 9:50 GMT around 9.80 euros, up 54% from its closing price on Friday night (6.343 euros).

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