US logistics company UPS has approached TNT Express about a possible takeover, reigniting on-off talks about a bid for the Dutch delivery company which faces pressure from shareholders after a drop in its share price.
After many years of speculation about a tie-up between the two, the potential offer from UPS may value the Dutch delivery company around €9 a share or close to €5bn, two people familiar with the talks said.
Breaking News : Offer turned down flat, Let the Games begin
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