Shareholder pressure TNT express UPS acquisition or in weeks

Core tip: TNT from the express delivery company PostNL spin-off, subject to shareholder pressure. The board of directors for reforming and boost shareholder value, and to search for potential acquisitions. This makes the TNT feel not the small pressure.
Twenty-first Century - March 9th morning news according to foreign reports, the United States of America United Parcel Service ("UPS" ) to acquire the European second parcel company TNT Express ("TNT" ) incident recrudesce billows. TNT or to accept UPS 's offer. If the price of the deal, the fastest to be published next week news.
On February 17th, four global express delivery giants of Holland TNT in its official website announced that the United States of America, received United Parcel company ( UPS ) initiative issued non-binding acquisition request, to9 euros per share price indication to buy TNT in issue543202420of all shares, purchase price of about 4880000000 euros ($6500000000).
The $6500000000 acquisition value underestimated refused
According to the Peng Bo agency to provide data, the Western European countries transport service enterprises in the past 10 years there were 33deal, the transaction price and the acquisition to total assets ratio of 0.58times the average. Forms the sharp contrast with this is, UPS 's proposed acquisition price is TNT total assets 1.04 times. At the beginning of2, TNT to market value is underestimated, layoffs and part of asset stripping and EU authorities antitrust claims and grounds, did not answer should buy action.
New York investment fund White Eagle Partners LLC chairman James RAST ( James Rasteh ) also said publicly, the market underestimated is stripped after the TNT value, consider the near future to the euro exchange rate against the U.S. dollar fell, this makes UPS again, and the possibility of" completed nearly ten years to come the most cost-effective acquisition of".
TNT reasonable price should be more than15 euro per share. He thinks," the takeover once reached, will enable UPS to become Europe, China, Russia, Brazil and India five big market parcel delivery areas the undisputed leader. These structural market growth potential all over North America market."
RBC Capital Markets analysts believe that, UPS acquired TNT are likely to suffer from EU antitrust review, but according to some recent European aviation industry merger judgment, it is not going to trade impediment.
Less profitable shareholder pressure
In fact, UPS and the United States second package delivery service FedEx since 2008acquisition of TNT outgoing message, two American Express Group hopes to expand in the European market, hedge on Europe's largest express German postal DHL service short board. UPS Guangzhou branch staff told twenty-first Century online," UPS in recent years in the European market for small acquisitions, such as the expansion of Eastern Europe and Turkey market or supply chain services, and develop a long-term strategy to expand the European market, and gradually expand the market share in Europe control."
" Europe United Parcel in America 's largest market outside, UPS annual international revenue accounted for half of the $6000000000, and the United Parcel last year, total revenue was $53000000000."
From TNT nearly two years of earnings, the decline in performance is the fact that does not dispute. Data shows, the company in 2010 fourth quarter loss of $62000000, the first 9 months of 2011, TNT net loss of Euro 97000000, the corresponding period of the previous year 's net profit was 62000000euros.
At present, the TNT has closed its located in Belgium Liege Airport European aviation hub, program in 2010-2017year period to reduce operating costs430000000 euros. Industry sources, TNT from the express delivery company PostNL spin-off, subject to shareholder pressure. The board of directors for reforming and boost shareholder value, and to search for potential acquisitions, which made TNT feel not the small pressure.