After UPS (UPS +1.5%) scuttled plans to buy TNT Express, the question now lingers what will it...

|By:, SA News Editor

After UPS (UPS +1.5%) scuttled plans to buy TNT Express, the question now lingers what will it do with the cash it was stockpiling for the buy. Jefferies' Peter Nesvold thinks he has the answer, saying the company will buy back a large block of shares or increase its dividend sometime after the EU officially announces it will block the deal. The analysts also dismisses the notion FedEx (FDX +0.9%) will step into the void with a bid of its own for TNT Express.