The following corporate finance-related stories were reported by media on Tuesday: * Informal approaches by United Parcel Service to FedEx to sell a package of TNT Express assets have been rebuffed by its U.S. rival, making it potentially harder for UPS to win approval for its takeover of the Dutch delivery group, the Financial Times reported.* UK drinks group Diageo's mandatory tender offer to purchase up to 26 percent of shares in India's United Spirits has been postponed as the deal has yet to receive local regulatory approvals, a source with direct knowledge of the matter said.
United Parcel Service, Inc. (UPS) is a package delivery company that operates in the United States less-than-truckload industry, and the provider of global supply chain management solutions. Shares of UPS fell by 0.29% or $-0.22/share to $76.35. In the past year, the shares have traded as low as $69.56 and as high as $81.79. On average, 3516210 shares of UPS exchange hands on a given day and today's volume is recorded at 2955828.
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