UPDATE: Deutsche Post Ends Exclusive Talks With UPS On US
Thursday 02/26/2009 3:36 AM ET - Dow Jones News

As of 12:18 PM ET 2/26/09
(Recasts first paragraph, adds details.)

FRANKFURT -(Dow Jones)- Deutsche Post AG's (DPW.XE) Chief Financial Officer John Allan said Thursday the company ended its exclusive negotiations with United Parcel Service Inc. (UPS) on a cooperation in the U.S.
The company is now also in talks with other parties in the U.S., added Allan, who will leave his post June 30, on a conference call.
Deutsche Post earlier said restructuring costs during the fourth quarter for its U.S. business amounted to EUR2.01 billion.
For 2008, Deutsche Post said its net liabilities were EUR2.41 billion, versus EUR2.86 billion the previous year.

Company Web site: Deutsche Post World Net | Home

-By Hilde Arends; Dow Jones Newswires; +49 69 29 725 506; [email protected]

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02-26-09 0336ET
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