In addition, the American company estimates ems that

From mid-February were ongoing talks between the two companies and now it's official. United Parcel Service Inc. and TNT Express NV announced an agreement that provides for the 'acquisition by Ups ordinary shares of TNT Express to the value of 9.5 euro each with a prize for the Dutch company of express deliveries top of 53.7%.
The transaction has a total value of 5.16 billion euro: "The Boards of Directors and Supervisory Board of TNT Express - the statement of formalization of the agreement - unanimously expressed its intention to support and recommend the offer. "
Also in footnote explains that the transaction ems "will create a global leader in the logistics industry with more than 45 billion euro (60 billion dollars) and that" the complementary strengths of both organizations will create a global platform that will be a leader in transportation technology and customer service, "Ups and also explains that the merger will allow it to have a rapid growth in areas of the world such as Asia, the Pacific and Latin America.
In addition, the American company estimates ems that "the transaction will provide an annual rate of execution of approximately EUR 400 million to 550 million euro (about $ 725 million) pre-tax cost synergies realized by the end of four years after the closure ". ems
"With this combination, both UPS and TNT Express will significantly increase their ability to serve our joint customers of the complex needs of global logistics. At the same time, this positions us for future growth, which will benefit our employees ems and shareholders , "said Scott Davis, UPS chairman and CEO.
"This combination will significantly enhance the capabilities of two strong ems companies.'m Convinced that together we will be the provider and employer of choice in the field of courier. Our customers ems will benefit greatly from our combined offers advanced services. 77,000 To my colleagues I mean to say that the combination will create unique opportunities for development and growth in which we can participate, "said Marie-Christine Lombard, CEO of TNT Express.
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