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UPS buys TNT Express for $6.77 billion

By control on March 30, 2012

After protracted public negotiations, UPS will acquire TNT Express for $6.77 billion, a deal that comes a little more than a month after TNT Express rejected UPS’ $6.4 billion acquisition offer.

The all-cash offer comes out to a per-share price of a little less than $12.50. The transaction is slated to close in the...

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