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Tuesday, January 8, 2013

TNT Express shares fall on report FedEx not interested in assets, (NYSE: UPS)

Shares in TNT Express fell 3 percent on Tuesday following a report that FedEx has declined to purchase some of the Dutch delivery firm's assets from United Parcel Service. The refusal of FedEx to buy the assets could make it harder for UPS to win approval for its takeover of TNT Express, the Financial Times reported on Monday night.

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 remained unchanged at $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 0.



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