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+--- Thread: UPS to Buy TNT (/thread-5328.html)
UPS to Buy TNT - Captain - 03-19-2012
United Parcel Service Inc. said Monday it will buy Netherlands-based TNT Express NV for $6.77 billion (€5.16 billion) in a cash deal that will create a company with annual sales of €60 billion.
Atlanta-based UPS is the world's largest delivery company, while TNT, headquartered in Hoofddorp, Netherlands, is the second-biggest express mail company in Europe behind Germany's DHL. The combination will have 475,000 employees worldwide and increase UPS's international sales to around 36 percent of its total from 26 percent at present.
"Why is TNT very attractive?" said UPS Chief Financial Officer Kurt Kuehn at a press conference in Amsterdam. Because it has "operations in areas where we're underserved. Brazil. Australia. The Middle East. The road and train network in Europe."
Re: UPS to Buy TNT - chairman - 03-19-2012
i thought kamla was a sellout for a moment
Re: UPS to Buy TNT - ketchim - 03-19-2012
kamla sell out TnT ?? :lipsrsealed:
Re: UPS to Buy TNT - Kwami - 03-19-2012
this company has nothing to do with Trinidad and Tobago