4 Merger and Acquisition Stock Stories for Investors to Know
United Parcel Service (NYSE:UPS): Current price $79.47
Knowledgeable sources say that UPS will concentrate upon smaller European purchases and growth in its own business following its failed €5.16 billion, or $6.9 billion, acquisition of TT Express. On January 11th, UPS decided that the proposed deal would be rejected by the European Commission, which launched a weekend of planning sessions in which the Atlanta-based delivery giant decided to abandon the transaction. Searching out targets smaller than TNT could help UPS avert regulatory hurdles like those that disallowed what would have been the largest deal since its founding in 1907. UPS has operated on the Continent for 35 years and is shelling out $200 million to expand its air hub in Köln.
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