UPS changes its mind about the TNT Express takeover

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TNT will of course receive a break fee as it was stipulated in the original take-over contract. However, the $265 million TNT will receive from UPS is nothing compared to what it lost because of the uncertainty created around its future.

Ever since UPS made it clear it won’t buy TNT Express the company lost close to $2.7 billion off its share price after today’s stock trading session from Amsterdam.

And bad news keeps coming for TNT. The minimum price per share was at one point close to 50 percent of the closing price from the previous working day but then somehow recovered to the closing price.

Analysts say this is a clear sign that the price per share will most likely keep dropping.

 

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