read it and weep:http://www.reuters.com/article/2013/01/14/us-ups-ec-idUSBRE9...
Doesn't surprise me. I posted way back when that the European Commission would make it tough and I said that maybe it was a "GET EVEN" for DHL falling on it's face when it tried to estabilsh a ground business here in the states.End result, we are out about 230 million dollars, TNT might go out of business and most likely our stock will take a hit.Hopefully the USA will put this in their memory bank, if and when a foreign transport company tries to come in to the USA.Europe is up to it's A-- in debt(we aren't far behind) and you would think that they would welcome this type of deal to help their economy.SOCIALISM at it's best.GOD BLESS AMERICA!!GO UPS!!
I wonder how much Fred Smith paid the commissioner? He was crying about this deal.
Makes me quite upset with the European Socialist governments. Might be an excellent time for us (USA) to pull out our yearly subsidies! I don`t believe the Obama Administration would have the courage to attempt this.
A hidden blessing in this whole fiasco is that it will slow down the amount of debt we've been piling up.GOD BLESS AMERICA!!GO UPS!!
I'm actually sorry that tis deal did not go through. TNT presence was not just in Europe and I think the deal would have benefitted our largest customers greatly. I think what we saw from the European commission was a superiority attitude, a protectionist philosophy, and a deep distrust of American Business. Of course UPS management should have seen this coming. The $200M termination fees is probably small compared to the investment in time and effort we already made.Go UPS!P71
This is my post back on 11/28."I have a comment. We should tell BANKRUPTED Europe to stick the deal up their A__!! Let TNT go under!!!!!!!!!!!!! "JMHOGOD BLESS AMERICA!!GO UPS!!
I personally am OK with the latest news. UPS up over 1.00 today, and all the excessive cash they will NOT spend on TNT just might go into higher dividends. This makes me happy!
Cramer is taking FEDEX BS, hook, line, and sinker. You would think he would know better by now.Go UPS!P71
It's OK. My guess is UPS will do it the slow way, gradually taking European market share. Funny how the stock market liked it when we announced the TNT merger, and then liked it again when they said the merger was off.Stock is over $79, a nice robust figure. Hoping for a little dividend bump, but not counting on it. The Railfax website shows a decelerating demand for intermodal rail transport. Year over year car counts are up about 3%, compared to 5-6% six months ago. I'm convinced high asset prices, including UPS stock, are influenced by these modern Federal Reserve policies which add money into the financial system.$79 ain't what it used to be, but UPS still outperforming the S&P 500 over the long haul.Go UPS!
Ten months ago, when United Parcel Service Inc. bid $6.8 billion for Dutch shipper TNT Express, it was optimistic about securing a major presence in the European market. Today, citing stiff opposition from European Commission regulators, UPS abandoned the bid. The company's chief executive, Scott Davis, explained that all the "significant and tangible remedies" proposed to make the deal easier to swallow had failed to convince EC antitrust officials that it would not threaten competition in the overnight parcel-delivery market. "We are extremely disappointed," he said. Not so shareholders. UPS shares popped nearly 2% at the open, bringing them within reach of the 52-week high they hit on March 19 last year, the day the company announced its TNT deal.Why the relief rally? UPS has to pay TNT a $266 million termination fee. But that's a drop in the bucket given the $6.8 billion of uncommitted cash it's now sitting on. That's money some shareholders no doubt hope will trickle down to them in the form of a fatter dividend.Meanwhile, several Wall Street analysts point out that their earnings estimates for UPS judiciously excluded future contributions from TNT. UPS still looks pretty solid: According to analysts surveyed by FactSet, UPS is expected to earn $4.59 a share in 2102, a 5.5% improvement on its 2011 results. Their projections for 2013, again excluding a TNT acquisition, push the full-year earnings estimate up to $5.12 a share.UPS's gains build on a broad increase in global commerce, most of it outside Europe. So while failing to grab a bigger share of the European market might disappoint Davis, it didn't shake Wall Street.But that leaves TNT in play, at least in theory. Possible takers? Apparently not. TNT shares took a 41% dive in Europe and FedEx Corp. , the other name surfacing in the speculation pool, is not likely to make a bid. FedEx executives made that clear last March, when the UPS-TNT deal was first announced. They've given no indication they've changed their minds, focusing instead on cost-cutting.Besides, FedEx plainly has stated its strategy in Europe hinges on organic growth and small, tightly focused acquisitions, not billion-dollar takeovers. After hitting the EC's regulatory wall, that's a strategy UPS is likely to embrace as well, and shareholders seem OK with that. GOD BLESS AMERICA!!GO UPS!!
Hedge funds nurse heavy losses after UPS-TNT deal collapses (Reuters) United Parcel Service, Inc. 's decision to abandon its 5.2 billion euro bid for TNT Express has left hedge funds nursing potential losses of more than $700 million, as the Dutch delivery firm's shares slid. So-called merger arbitrage funds - which make money betting on the outcomes of corporate events including takeovers - are estimated to have owned around 30 percent of TNT shares before Monday's news European anti-trust regulators would veto it, several sources familiar with the sector said.GOD BLESS AMERICA!!GO UPS!!
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