UPS announced a $6850000000cash to buy TNT Express

Tencent finance news Beijing standard time on March 19th afternoon message, the United States of America United Parcel Service ( United Parcel Service Inc., UPS ) will be the5200000000 euros ($6850000000) to buy second of the European courier service company TNT Express, the former aims to increase its market share in Europe, and a turnover of 45000000000 euro to build logistics giants.
TNT said, its board of directors and board of supervisors agreed UPS issued a9.50 euro per share price, higher than last month issued9 euros per initial quotation. PostNL is TNT's biggest shareholder, with 29.8% of the shares, the shareholders also expressed support for the deal.
Monday in a joint statement, the two companies that raise price compared to TNT in the two companies announced that the merger negotiations on the day before the53.7% premium over the closing price.
UPS is the world's largest package delivery company, the company on the TNT" has long coveted", as a way to help it expand European market, particularly in the UK, France and Germany as well as Holland.
The deal ends years of speculation about the future of TNT TNT last May, from Holland postal operator PostNL ( PNL ) stripped out, and at last listed. With the decline in profits and can not be optimistic about the prospects for 2012, TNT 's management is facing the huge pressure of shareholders, including American hedge fund Jana Partners and Alberta investment management company.