FedEx in talks to buy Dutch rival TNT
07-14-2008, 07:47 AM
#32
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Joined APC: Sep 2006
Posts: 164
Inbev, a Belgium company that has roots back to 1366 buys the 156 year old company "Bud." And now FedEx reacts in kind by buying TNT, established over 250 years ago. I know there's no correlation. I just find this interesting for some reason.
I hope Stella Artois rubs off on Budweiser.
I hope Stella Artois rubs off on Budweiser.
07-14-2008, 08:10 AM
#33
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Joined APC: May 2006
Posts: 1,804
Originally Posted by renman95
Inbev, a Belgium company that has roots back to 1366 buys the 156 year old company "Bud." And now FedEx reacts in kind by buying TNT, established over 250 years ago. I know there's no correlation. I just find this interesting for some reason.
I hope Stella Artois rubs off on Budweiser.
I hope Stella Artois rubs off on Budweiser.
Nothing could rub off on Budweiser enough to make be drink it.
07-14-2008, 09:06 AM
#34
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Joined APC: Sep 2006
Posts: 164
Originally Posted by USMCFDX
Problem is Inbev buys with it's Euro, and FedEx buys with it's Dollar.
Nothing could rub off on Budweiser enough to make be drink it.
Nothing could rub off on Budweiser enough to make be drink it.
"Take me drunk, I'm home!"
(Read it again and add a little Irish sing-song accent)
07-14-2008, 12:39 PM
#36
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Joined APC: Aug 2005
Position: Airbus F/O
Posts: 297
Originally Posted by renman95
Inbev, a Belgium company that has roots back to 1366 buys the 156 year old company "Bud." And now FedEx reacts in kind by buying TNT, established over 250 years ago. I know there's no correlation. I just find this interesting for some reason.
I hope Stella Artois rubs off on Budweiser.
I hope Stella Artois rubs off on Budweiser.
07-14-2008, 02:19 PM
#37
gets every day off
Joined APC: Mar 2006
Position: Retired MD11 Capt
Posts: 705
This thread started on 7/11/08...
In today's (7/14/08) special message line, the FedEx MEC states: "This afternoon there were numerous published stories stating that FedEx is in discussions regarding the acquisition of TNT... We do not have any further information and are currently attempting to independently verify this story."
They're just now twigging to this?
In today's (7/14/08) special message line, the FedEx MEC states: "This afternoon there were numerous published stories stating that FedEx is in discussions regarding the acquisition of TNT... We do not have any further information and are currently attempting to independently verify this story."
They're just now twigging to this?
07-14-2008, 02:20 PM
#38
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Joined APC: Aug 2006
Posts: 1,433
From Forbes today:
FedEx's Face Saver
Vidya Ram , 07.14.08, 10:30 AM ET
Related Quotes
FDX 73.12 - 0.82
TNTTY 36.90 + 7.24
LONDON - Dutch mail company TNT could be just the opportunity that FedEx needs to get away from troubles in its home market.
TNT (other-otc: TNTTY - news - people ) shares soared 29.9%, or 5.53 euros ($8.77), to 24.04 euros ($38.11), on Monday afternoon trading in Amsterdam after both companies refused to deny rumors that they were in takeover talks. FedEx (nyse: FDX - news - people ) was flat in morning trade in New York, at $73.93.
"As a matter of policy we do not comment on market rumors," a spokeswoman for TNT said.
As the fourth-largest express delivery service in the world, TNT has been widely seen as a potential takeover target for some time now, with FedEx the most likely bidder.
FedEx's recent poor performance, particularly in the United States, has only fuelled speculation that it would be looking for new growth opportunities. In mid-June, the company reported a quarterly loss of $241.0 million, driven by rising fuel prices and sluggish demand in the U.S. (See "FedEx Doesn't Deliver")
Unlike rival UPS (nyse: UPS - news - people ), FedEx has just a small presence in Europe, having slimmed down operations in the mid-1990s when the opportunities in the cross-country market were limited, and domestic market growth was sluggish.
But with a weak outlook for the U.S. market, and with TNT shares falling 28.0% over the past twelve months and trading at 8 times its EBIDTA, its valuation looks relatively cheap.
TNT's business is also a lot less vulnerable to the rising cost of oil. Most of its deliveries in Europe are made by road, unlike in the United States, where express deliveries are sent by air.
"FedEx has always made it a top priority to have a toe-to-toe presence in core UPS markets," said Christopher Combe, an analyst at Jeffries & Company in London.
But the FedEx move, reported by the Financial Times on Saturday, could trigger a rival bid by UPS, which would be anxious to keep its rival out of Europe, Combe added.
Vidya Ram , 07.14.08, 10:30 AM ET
Related Quotes
FDX 73.12 - 0.82
TNTTY 36.90 + 7.24
LONDON - Dutch mail company TNT could be just the opportunity that FedEx needs to get away from troubles in its home market.
TNT (other-otc: TNTTY - news - people ) shares soared 29.9%, or 5.53 euros ($8.77), to 24.04 euros ($38.11), on Monday afternoon trading in Amsterdam after both companies refused to deny rumors that they were in takeover talks. FedEx (nyse: FDX - news - people ) was flat in morning trade in New York, at $73.93.
"As a matter of policy we do not comment on market rumors," a spokeswoman for TNT said.
As the fourth-largest express delivery service in the world, TNT has been widely seen as a potential takeover target for some time now, with FedEx the most likely bidder.
FedEx's recent poor performance, particularly in the United States, has only fuelled speculation that it would be looking for new growth opportunities. In mid-June, the company reported a quarterly loss of $241.0 million, driven by rising fuel prices and sluggish demand in the U.S. (See "FedEx Doesn't Deliver")
Unlike rival UPS (nyse: UPS - news - people ), FedEx has just a small presence in Europe, having slimmed down operations in the mid-1990s when the opportunities in the cross-country market were limited, and domestic market growth was sluggish.
But with a weak outlook for the U.S. market, and with TNT shares falling 28.0% over the past twelve months and trading at 8 times its EBIDTA, its valuation looks relatively cheap.
TNT's business is also a lot less vulnerable to the rising cost of oil. Most of its deliveries in Europe are made by road, unlike in the United States, where express deliveries are sent by air.
"FedEx has always made it a top priority to have a toe-to-toe presence in core UPS markets," said Christopher Combe, an analyst at Jeffries & Company in London.
But the FedEx move, reported by the Financial Times on Saturday, could trigger a rival bid by UPS, which would be anxious to keep its rival out of Europe, Combe added.
07-14-2008, 06:21 PM
#39
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Joined APC: Aug 2006
Position: 1559
Posts: 1,534
Originally Posted by Nitefrater
This thread started on 7/11/08...
Originally Posted by Nitefrater
In today's (7/14/08) special message line, the FedEx MEC states: "This afternoon there were numerous published stories stating that FedEx is in discussions regarding the acquisition of TNT... We do not have any further information and are currently attempting to independently verify this story."
They're just now twigging to this?
They're just now twigging to this?
07-14-2008, 06:31 PM
#40
gets every day off
Joined APC: Mar 2006
Position: Retired MD11 Capt
Posts: 705
Originally Posted by MX727
at 2218 on a Friday night.
the first business day since this started.
the first business day since this started.
"This afternoon" indicates to me that they first became aware of it this afternoon...
And they wonder why we go to APC for current info instead of Alpa.org
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