UPS (UPS) finally clinches a deal to buy TNT Express after sweetening its offer to €5.16B...

|By:, SA News Editor

UPS (UPS) finally clinches a deal to buy TNT Express after sweetening its offer to €5.16B ($6.8B), or €9.50 a share, up from an original bid of €9. The price represents a 54% premium over TNT's close of €6.18 on Feb. 16, the day before the talks were made public. (PR)