Deals
UPS, TNT Pick 5 Banks in Largest Transport Deal Since ’05
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United Parcel Service Inc. turned to one of the same Morgan Stanley bankers who took the delivery company public in 1999 for advice on its largest takeover, the $6.8 billion purchase of TNT Express NV.
Morgan Stanley’s team included James Runde, who has been at the bank 38 years and helped it win the lead role on UPS’s $5.5 billion share sale. Mark Eichorn, head of Americas M&A, and Peter Krowinkel, who oversees the same division for Belgium, the Netherlands and Luxembourg, led the group.