Europe - United Parcel Service, the world's largest package delivery company has bought Dutch rivals TNT

Published on Mar 19, 2012 by Euronews

http://www.euronews.com/ United Parcel Service, the world's largest package delivery company, has bought Dutch rivals TNT in a bid to dominate the market in Europe.

The deal is worth 5.2 billion euros and comes after UPS raised its initial offer. The Atlanta based company will pay 9.50 euros a share up from a bid last month of 9 euros.