TNT rejects $6.4 billion bid from UPS for its Express unit

摘要

Netherlands-based TNT N.V., a provider of mail and courier services and the fourth largest global parcel operator, rejected an offer by UPS for TNT Express last month. Bloomberg reported that the unso licited bid was for $6.43 billion. The report stated that the offer was turned down by TNT's board according to a company statement, adding that the companies still remain in discussions.