UPS to Kick Start $6.6 Billion TNT Express Takeover Offer

JOC Air Cargo Express Cargo

UPS to Kick Start $6.6 Billion TNT Express Takeover Offer

Bruce Barnard, Special Correspondent | Jun 21, 2012 11:41AM EDT

United Parcel Service launches its 5.16 billion euro ($6.6 billion) cash bid for Dutch rival TNT Express Friday in a major expansion of its presence in Europe's package delivery market. 

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