UPS to bid again for TNT

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UPS says it is still in talks to buy rival TNT Express, despite its initial bid on 17 February being rejected by the Dutch parcels giant. “UPS remains in constructive discussions with TNT Express NV regarding a potential transaction to acquire the entire issued share capital of TNT Express,” a statement from the US parcel giant says. A bid of €9 per share was offered by UPS last month, worth €4.9bn, but this was rejected by TNT just five days […]