Comments on: UPS could be bidding against itself for TNT Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: RachaelHolland Thu, 23 Feb 2012 15:41:10 +0000 A shame TNT seems to be approaching a possible merger from a $ offer only orientation. Historically, UPS has the lowest-cost operations..due to lower investment in employees, facilities, equipment..and will likely lay-off a significant number of TNT employees.

Conversely, FedEx operates from a strategic investment orientation with the goal of growing sales and jobs. Big picture: an international supply chain gateway leveraging Schiphol/TNT, FedEx Super hub, and 1-2 other geographic spots.

Lastly, on shareholder value, the UPS bid resulted in a 60% increase (on just offer, not deal) in stock prices – which on a stock-based acquisition – could translate into significant cash to fund investment in international markets – if the companies hold a significant portion of their own stock.