UPS has announced it has the funding in place for the acquisition of TNT Express, which was announced on 19 March. The US parcels giant will finance the deal by using €3.7bn of cash from its balance sheet and around €1.46bn via existing credit facilities. Totalling €5.16bn, the original deal reached between UPS and TNT Express was for an all-cash offer of €9.50 per ordinary share for the takeover of the Dutch business. In line with Dutch regulatory requirements, UPS […]
The European Commission (EC) has given the green light to FedEx’s €4.4bn (£3.2bn) bid for TNT Express announced in April last year.
A growing customer base and increased network capacity drove growth at Tuffnells in the year to 31 August 2016 results, underpinning a successful performance for owner Connect Group.
The “massive challenge” of distributing millions of Covid-19 vaccines in the UK, as well as across the world, will largely rely on courier firms such as UPS, DHL and FedEx, according to logistics experts.