damoq:
I think the monopoly and mergers might put the stops on UPS buying out TNT. Just a thought.
It needs to. If the boot were on the other foot, the Americans wouldn’t let us brits buy a chain of burger bars over there!
They’ve got one big operator already, so shouldn’t really be allowed to have another big foothold in Europe.
damoq:
Carryfast:
Wheel Nut:
Jimboy124 is getting a new uniform. A crappy Brown one
Been there done that.
Carryfast, by that post do you mean you acquired a brown uniform after UPS bought over Lynx a few years back?
Didn’t even know they bought out Lynx.
acceptme:
Wheel Nut:
Jimboy124 is getting a new uniform. A crappy Brown oneUPS & TNT Express announced a merger, as UPS confirmed that they have bought TNT for €5.16bn
TNT Express will carry on as a separate entity for the time being and all employee rights, covenants, and benefits under current ownership will be respected.
Just to back up that claim wheel nut here is a link…foxbusiness.com/industries/2 … ver-offer/
All change, the mergers commission have decided this is a no go idea now.
On January 11, 2013, TNT Express and UPS met with the European Commission’s (EC) case team investigating the proposed acquisition of TNT Express by UPS. The case team informed the companies that on the basis of UPS’s current remedy proposal it is working towards proposing a prohibition decision.
Subsequently, UPS informed TNT Express that it sees no realistic prospect that EC clearance can be obtained and that UPS will not pursue the transaction on any other basis. The companies announced that formal termination of the Merger Protocol will occur upon receipt of the prohibition decision from the EC, which, based on the above, TNT Express deems inevitable.
TNT Express stated that it regrets this situation, having believed the merger was feasible and beneficial for all stakeholders. UPS has confirmed to TNT Express payment of the agreed €200m termination fee.
A message from Scott Davis UPS Chairman & CEO.
"I would like to thank TNT Express for their shared vision of the value we would have created for our customers, shareholders, and employees, and for the significant efforts they made over the past year,” said Davis.
“Looking ahead, our company focus will be on the continued execution of our growth strategy. While we viewed the acquisition as a compelling growth platform, our financial strength allows UPS to capture future opportunities.”
TNT Express said in a statement that it regretted this situation, having believed the merger was feasible and beneficial for all stakeholders. UPS had confirmed to TNT Express payment of the agreed €200m termination fee.
The executive board and supervisory board recognised the protracted merger process had been a distraction for management.
It looks like UPS are still out to get someone into bed with them. Opportunities arise.
brados:
This offer has been rejected but UPS it seems are keen to close the deal, good news if you hold TNT shares (up 50% in one day) but maybe not so good if you work for them.
How things can change!
This morning TNT Express share price was down 43%.
Have a read of this indepth article from Post & Parcel released a few hours ago
Madness, what if TNT go bankrupt now?
Silver_Surfer:
Madness, what if TNT go bankrupt now?
That would probably suit UPS down to the ground if that happened. That way they could buy the parts of TNT that they were after originally at a fraction of the price.
Am I reading this right that UPS now have to pay TNT €200,000,000 
just been on Sky news that the deal is now off , and TNT shares have plummeted this afternoon 
Imagin if you where a shareholder say with your pension fund you’d be hanging yourself right about now.
merc0447:
I see its tnt express not just tnt, so i take tnt mail and tnt fashion group are on their arse by themselves? Cause they wont survive without the transport muscle of tnt express behind them.
Could sell this to ceva logistics who purchased there automotive sector a few yeas back
Wheel Nut:
UPS has confirmed to TNT Express payment of the agreed €200m termination fee.
So instead of the original $11bn offer and the revised €5bn offer UPS will be able to cherry pick the parts of TNT it really wants in exchange for the €200m it owes them as they strive to counter bankruptcy. 
Stan
Although i’m not surprised the EU veto’d it, i am surprised they would rather let a company go out of business than have tens of thousands of secure jobs.
TNT lost $229m in the 4th qtr of 2012, the busiest period whereas UPS made $2bn profit.
damoq:
I think the monopoly and mergers might put the stops on UPS buying out TNT. Just a thought.
I thought they did just a couple of days ago? - The European version of the MMC that is…
I also understood that UPS have now pulled the plug on the entire deal with a “may you now perish in your recession you ingrates!” attitude. 
damoq:
Carryfast:
Wheel Nut:
Jimboy124 is getting a new uniform. A crappy Brown one
Carryfast, by that post do you mean you acquired a brown uniform after UPS bought over Lynx a few years back?
Clue’s in his screen name Damoq.
Carryfast became Haulfast became UPS Logistics. I worked for 'em in Derby, on the Health Foods Wholesale contract.
Winseer:
damoq:
I think the monopoly and mergers might put the stops on UPS buying out TNT. Just a thought.I thought they did just a couple of days ago? - The European version of the MMC that is…
I also understood that UPS have now pulled the plug on the entire deal with a “may you now perish in your recession you ingrates!” attitude.
Whats the betting “fast eddie” will stick a bid in ? He is fancying his chance at everthing else so why not ! Cheers bewick.
Sidevalve:
damoq:
Carryfast:
Wheel Nut:
Jimboy124 is getting a new uniform. A crappy Brown one
Carryfast, by that post do you mean you acquired a brown uniform after UPS bought over Lynx a few years back?
Clue’s in his screen name Damoq.
Carryfast became Haulfast became UPS Logistics. I worked for 'em in Derby, on the Health Foods Wholesale contract.
35 yrs ago I worked at the founder member of all the above mentioned(not UPS)they were originally Harrisons Of Dewsbury, who sold out to SPD, who sold out to GKN, they were then bought back by the original owners of Harrisons, which was the Holroyd family. They were then rebranded as Carryfast which was the parcel distribution side and Haulfast which was the bulk distance work. They were then sold again by aforementioned family to UPS.There’s a bit of History for what its worth
nickyboy:
Although i’m not surprised the EU veto’d it, i am surprised they would rather let a company go out of business than have tens of thousands of secure jobs.TNT lost $229m in the 4th qtr of 2012, the busiest period whereas UPS made $2bn profit.
You don’t really understand how these things work. UPS would have closed many depots with the subsequent loss of the tens of thousands of jobs you thought would be saved. It’s how these “business people” operate.One of those rare occasions when the EU has done the right thing!
Bewick:
Winseer:
damoq:
I think the monopoly and mergers might put the stops on UPS buying out TNT. Just a thought.I thought they did just a couple of days ago? - The European version of the MMC that is…
I also understood that UPS have now pulled the plug on the entire deal with a “may you now perish in your recession you ingrates!” attitude.
Whats the betting “fast eddie” will stick a bid in ? He is fancying his chance at everthing else so why not ! Cheers bewick.
He hasn’t got enough cash in the biscuit tin alas…
I’ve heard it said that UPS are the best payers in the business…
Go on then… HOW much are we talking exactly?
Anyone got a “rates of pay” sheet that’s uptodate? 
