Deals
UPS Extends TNT Talks After Weeks of Discussions Since Bid
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United Parcel Service Inc. extended takeover talks with TNT Express NV, Europe’s second-largest package delivery company, after four weeks of negotiations that followed the initial offer of $6.4 billion (4.89 billion euros.)
“Constructive discussions” continue, with a goal of sending a bid for TNT to regulators in the Netherlands within 12 weeks of the Feb. 17 announcement that bargaining was under way, Atlanta-based UPS said today in a statement. That timeline would end on May 11.