Airline Pilot Central Forums - View Single Post - FedEx in talks to buy Dutch rival TNT

07-26-2008, 05:41 PM

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DLax85

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TNT Shares fall 18% as FedEx takeover talks fail

TNT shares fall 18% as FedEx takeover talks fail

Shares in TNT fell as much as 18 percent after the Wall Street Journal reported that takeover talks with FedEx had ended, Reuters reports.

Following a Financial Times article reporting that FedEx was in preliminary talks to buy TNT, the company's shares went up as much as 47 percent.

UPS had also considered buying TNT in the past with a private-equity partner. Those close to the deal believe if FedEx does get serious about a takeover, they could expect to compete with UPS.

http://www.cargonewsasia.com/secured...&article=16588

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