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Stock Market & Financial Investment News

News For TNTEY;UPS From The Last 14 Days
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April 14, 2015
07:10 EDTUPSAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
April 12, 2015
13:45 EDTUPS, TNTEYUPS 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
April 10, 2015
16:19 EDTTNTEYStocks finish week higher as investors speculate jobs data could delay rate hike
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10:00 EDTTNTEYOn The Fly: Analyst Downgrade Summary
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05:36 EDTTNTEYTNT Express downgraded to Sector Perform from Outperform at RBC Capital
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05:36 EDTTNTEYTNT Express initiated with an Equal Weight at Barclays
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April 7, 2015
16:18 EDTTNTEYOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory, extending their gains from yesterday. The economic calendar was relatively quiet and the volume was light as investors moved to the sidelines ahead of the start of the first quarter earnings season, which kicks off tomorrow after the close with Alcoa's (AA) report. A late day slide saw the major averages give up their gains, leaving the Dow, Nasdaq and S&P 500 a bit below where they had started the day. ECONOMIC EVENTS: In the U.S., the JOLTs report showed job openings rose 168K to 5.13M in February, topping the consensus forecast for about 5M opening. Consumer credit climbed $15.5B in February, versus the expectation for consumers to have added $12.5B in new credit. In Europe, Markit's composite PMI for the eurozone came in at 54.0, which was down slightly from the flash reading of 54.1 but up from 53.3 in February and matched the prior peak seen in April of last year. Elsewhere globally, the central banks of Australia and India left their respective key interest rates unchanged, as expected. COMPANY NEWS: Shares of FedEx (FDX) advanced $4.49, or 2.69%, to $171.16 after the shipper announced a conditional deal to acquire TNT Express (TNTEY) for EUR 8.00 per share in a transaction valuing the Netherlands-based express delivery company at an implied equity value of about $4.8B. The company hopes it is more successful in its acquisition attempt than rival UPS (UPS), which had agreed a number of years ago to buy TNT for EUR 9.50 per share. UPS pulled out of its planned purchase after its proposed deal for TNT was blocked by regulators. MAJOR MOVERS: Among the notable gainers was Axalta Coating Systems (AXTA), which gained $2.78, or 9.81%, to $31.11 after an affiliate of Warren Buffett's Berkshire Hathaway (BRK.A) agreed to buy 20M of Axalta’s common shares for an aggregate purchase price of $560M, or $28.00 per share, from The Carlyle Group (CG). Also higher was Informatica (INFA), which advanced $1.96, or 4.28%, to $47.79 after agreeing to be acquired by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3B, or $48.75 in cash per share. The official announcement follows recent stories from Reuters that the company was working on a deal with a private equity buyer. Among the noteworthy losers was Ocular Therapeutix (OCUL), which dropped $7.25, or 18.93%, to $31.05 after reporting that the company’s second of two Phase 3 clinical trials evaluating the safety and efficacy of its lead product candidate, OTX-DP, met only one of the study’s two primary efficacy endpoints. Also lower were shares of Woodward (WWD), which fell $3.06, or 5.95%, to $48.36 after Jefferies downgraded the stock to Hold from Buy and set a $52 price target on the shares, saying FY15 is another transition year for the company. INDEXES: The Dow slipped 5.43, or 0.03%, to 17,875.42, the Nasdaq lost 7.08, or 0.14%, to 4,910.23, and the S&P 500 declined 4.29, or 0.21%, to 2,076.33.
12:58 EDTUPSOn The Fly: Midday Wrap
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09:13 EDTTNTEYFedEx says does not see competing offer for TNT Express
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09:05 EDTTNTEYFedEx says thinks TNT Express a 'wonderful fit everywhere'
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08:56 EDTTNTEYFedEx says expects to have 'wonderful' FY16
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08:49 EDTTNTEYFedEx says sees TNT Express 'very accretive' to earnings after FY17
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08:40 EDTTNTEYTNT Express to hold a conference call
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08:29 EDTTNTEYFedEx to hold a conference call
Conference call to discuss agreement on an all-cash public offer for TNT Express shares will be held on April 7 at 8:30 am. Webcast Link
07:18 EDTTNTEYFedEx acquisition of TNT Express a good strategic fit, says UBS
UBS said FedEx's (FDX) proposed acquisition of TNT Express (TNTEY) is a good strategic fit, as it increases FedEx's presence in Europe, adds scale where there are complementary services, and provides for operations synergy potential. UBS reiterated its Buy rating and $195 price target on FedEx shares.
06:25 EDTUPS, TNTEYTNT Express expects EU to approve FedEx deal, Reuters reports
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05:16 EDTTNTEYFedEx to acquire TNT Express for EUR 8.00 per share
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