TNT NV

United Parcel Service (UPS) on Monday abandoned a huge bid for Dutch TNT Express, bending to EU anti-trust pressures and ending a bid to create the biggest European delivery group and boost its global position.

US delivery giant United Parcel Service (UPS) said on Monday that it was pulling out of its multi-billion-euro bid for Dutch firm TNT Express after EU competition authorities said they would probably block the deal.

Belgium's Liege airport, one of Europe's busiest freight hubs, hopes to entice US parcel delivery firm FedEx away from Paris airports should Dutch firm TNT Express depart for Germany.

US delivery giant United Parcel Service (UPS) said on Friday it had amended its multi-billion-euro bid for Dutch firm TNT Express to meet EU conditions and close the deal by next year.

The European Commission on Friday announced an in-depth inquiry into a proposed 5.16 billion euro acquisition of Dutch shipper TNT Express by United Parcel Service, both major players in small package delivery.

US delivery giant United Parcel Service (UPS) is to launch its 5.16 billion euro ($6.77 billion) takeover bid of Dutch firm TNT Express on Friday, the two companies said in a statement.

US shipping giant FedEx said Thursday it has reached a deal to buy French rival Tatex as it seeks to expand its foothold in Europe.

US express delivery giant United Parcel Service said Monday it would pay 5.16 billion euros ($6.77 billion) for Dutch firm TNT Express in a move analysts said aimed to take advantage of expanding markets a shift to road transport.

US stocks were mixed in early trade Monday despite tech giant Apple's shock announcement of a massive dividend plan and share buyback plan and UPS's takeover deal for TNT.

US express delivery giant United Parcel Service made a bold move to strengthen its position in Europe and the world on Monday, saying it would pay 5.16 billion euros ($6.77 billion) for Dutch firm TNT Express.

United Parcel Service has reached a deal with TNT Express NV to buy the Dutch rival for 5.6 billion euros ($6.77 billion), creating a dominant package-shipping operation in Europe, the companies announced in a joint statement Monday.

United Parcel Service is close to concluding a 5.2-billion-euro ($6.8 billion) deal to acquire Dutch rival TNT Express NV and thus create a dominant package-shipping company in Europe, The Wall Street Journal reported.

(Reuters) - Stock index futures pointed to a rise in U.S. equities on Tuesday after the market opens following the Presidents Day holiday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.4-0.5 percent.

NEW YORK (Reuters) - Stock index futures advanced on Tuesday after euro zone finance ministers secured a deal that will enable Greece to avoid a March default.

(Reuters) - Stock index futures pointed to a rise in U.S. equities on Tuesday after the market opens following the Presidents Day holiday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.4-0.5 percent.

NEW YORK (Reuters) - Stock index futures advanced on Tuesday after euro zone finance ministers secured a deal that will enable Greece to avoid a March default.

NEW YORK (Reuters) - Stock index futures rose on Tuesday after euro zone finance ministers secured a deal that will enable Greece to avoid a March default.

(Reuters) - Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and Nasdaq 100 all up 0.3 percent at 5 a.m. ET.

AMSTERDAM (Reuters) - Dutch delivery firm TNT Express <TNTE.AS> said on Friday its board of directors has rejected an unsolicited takeover offer from U.S-based peer UPS <UPS.N> worth an estimated 4.9 billion euros, but it said discussions are continuing.

AMSTERDAM (Reuters) - United Parcel Service Inc. <UPS.N> is in talks with TNT Express <TNTE.AS> after its Dutch rival rejected a 4.9 billion-euro ($6.45 billion) cash bid, the companies said on Friday.