UPS May Buy European Package Delivery Company TNT

UPS is hoping to reach an agreement to buy TNT Express NV as early as next week after making progress in discussions on jobs and pensions, according to Bloomberg. The companies are now primarily focusing on price negotiations. TNT may struggle to get much beyond a Feb. 11th offer of 9 euros a share because the company posted a full-year operating loss. Buying TNT, Europe’s second-largest package- delivery company, would put Atlanta-based UPS on equal footing in the region with DHL, the market leader. UPS has potential upside of % based on a current price of $ and an average consensus analyst price target of $