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Feb 19, 2012

TRUCKING INDUSTRY * WORLDWIDE

* The Netherlands - TNT rejects UPS bid

Hoofddorp, Netherlands -Commercial Motor (UK), by Christopher Walton -17 February 2012: -- TNT has rejected a bid from rival UPS that valued the company at €4.9bn... TNT Express N.V. revealed at 4.35pm today that a "non-binding and conditional proposal" of €9 per share from US-based parcel giant UPS was rejected by its board... However discussions between both parties continue...

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