FedEx (FDX) Could Best UPS in Bid for TNT Express, But No One's Talking
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Price: $265.39 -2.34%
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Dividend Yield: 2%
Revenue Growth %: +0.7%
Overall Analyst Rating:
BUY (
Down)Dividend Yield: 2%
Revenue Growth %: +0.7%
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FedEx (NYSE: FDX) shares are lower Tuesday following the extended holiday weekend as reports have the parcel shipping giant possibly mulling an expansion in Europe.
Last Friday, United Parcel Service (NYSE: UPS) said its bid to acquire TNT Express -- the second-largest package delivery service in Europe -- for €9 per share, or about $6.43 billion, was rejected. Analysts agree that the next suitor in line would be FedEx.
In particular, one analyst from Mutual Series thinks that deal is a once-in-a-lifetime opportunity.
TNT rocketed higher following the disclosure. Shares are already up 76 percent in 2012, leading to a current market cap of about €5.5 billion.
UPS also stated that it and TNT Express were still in talks. TNT has said it's focused on UPS because FedEx hasn't shown interest. Earlier Tuesday, Bloomberg noted receiving correspondence from a FedEx rep which said the company doesn't comment on speculation for rumor.
Currently, FedEx is down about 1 percent and UPS is off 0.3 percent.
Last Friday, United Parcel Service (NYSE: UPS) said its bid to acquire TNT Express -- the second-largest package delivery service in Europe -- for €9 per share, or about $6.43 billion, was rejected. Analysts agree that the next suitor in line would be FedEx.
In particular, one analyst from Mutual Series thinks that deal is a once-in-a-lifetime opportunity.
TNT rocketed higher following the disclosure. Shares are already up 76 percent in 2012, leading to a current market cap of about €5.5 billion.
UPS also stated that it and TNT Express were still in talks. TNT has said it's focused on UPS because FedEx hasn't shown interest. Earlier Tuesday, Bloomberg noted receiving correspondence from a FedEx rep which said the company doesn't comment on speculation for rumor.
Currently, FedEx is down about 1 percent and UPS is off 0.3 percent.
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