A bid by UPS (UPS -1.1%) for Netherlands' TNT Express sputters along as the two shipping...

|By:, SA News Editor

A bid by UPS (UPS -1.1%) for Netherlands' TNT Express sputters along as the two shipping companies fail to reach a compromise over what are referred to as "social issues" such as where its combined headquarters would be located. TNT Express closed at €9.31, after being as high as €10.24 when talks on a potential merger where first disclosed.