UPS Confirms Talks with TNT Express Re Capital Buyout

by Press Release on 2012-02-18

Atlanta, February 17, 2012

In response to the announcement from TNT Express NV ("TNT"), UPS confirms that, on 11 February, 2012, following discussions with TNT, it made a revised, increased and comprehensive proposal to acquire the entire issued share capital of TNT for EUR9 per share in cash.

Discussions between the parties concerning this proposal are ongoing, although there is currently no certainty that any agreement will be reached. Further details will be provided when appropriate.

View TNT's Press Release Regarding the Proposed Acquisition (Ckick Here)