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Stock Market & Financial Investment News

News Breaks
January 14, 2013
12:58 EDTFDX, UPS, TNTEYUPS advances after abandoning takeover of TNT
UPS (UPS) indicated this morning that it would not acquire Dutch delivery company TNT Express (TNTTY) as previously planned because the E.U. has decided to block the deal over competition concerns. As a result, UPS said that it would pay TNT a EUR200M termination fee. In a note to investors earlier today, Deutsche Bank analyst Justin Yagerman responded to the news by upgrading UPS to Buy from Hold. UPS will likely buy back more shares of its own stock following the termination of the deal, wrote Yagerman, who raised his earnings per share estimates to reflect the expected additional buybacks. The analyst, who added that investors had been cautious about the acquisition, increased his price target on UPS shares to $92 from $83. Similarly, Jefferies analyst Peter Nesvold wrote that UPS would likely buy back a large amount of additional shares or increase its dividend soon. The company could announce such a move after February 5, when the E.U. is expected to announce that it will block the TNT acquisition, wrote the analyst, who maintained a Hold rating on the stock. Meanwhile, Nesvold added that FedEx (FDX) is "extremely unlikely" to launch its own bid for UPS. In early afternoon trading, UPS rose $1.14, or 1.46%, to $79.06, while FedEx added 0.77% to $98.15.
News For UPS;FDX;TNTEY From The Last 14 Days
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April 22, 2015
07:24 EDTFDXFedEx management to meet with Deutsche Bank
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April 21, 2015
07:29 EDTFDXFedEx management to meet with Deutsche Bank
Meetings to be held in Toronto/Montreal on April 21 hosted by Deutsche Bank.
April 20, 2015
07:50 EDTFDXFedEx management to meet with Deutsche Bank
Meetings to be held in Memphis/Toronto on April 20 hosted by Deutsche Bank.
April 16, 2015
11:07 EDTFDXBoeing reports one new order in weekly update
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April 14, 2015
09:37 EDTFDXPlug Power says FedEx rolling out GenDrive powered cargo tuggers
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07:10 EDTUPS, FDXAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
April 12, 2015
13:45 EDTTNTEY, UPS, FDXUPS to invest $1.06B in Europe expansion, Reuters says
According to a report in German magazine Wirtschaftswoche, UPS (UPS) plans to invest over $1B in Europe to expand its package delivery network, says Reuters. Last week UPS rival FedEx (FDX) announced its intention to acquire TNT Express (TNTEY) for EUR 8.00 per share. Reference Link

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