UPS offer for TNT opens today

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This morning (22nd June) sees the opening of the UPS offer for TNT Express.

It is offering 9.5 euros cash per share and has the support of the TNT board as well as PostNL which holds 29.8 per cent of the shares.

TNT Express will hold an extraordinary general meeting on 6th August to discuss the offer. The offer closes on 31st August.

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