TNT still seen as takeover target

TNT remains a potential takeover target despite its status as the top European express business and the second-biggest logistics provider in the world. However, the former Dutch mail monopoly is restructuring operations to focus on its TNT Mail and TNT Express units. The company has also sold its contract-delivery business TNT Logistics in order to strengthen its defense against any takeover. Chief executive Peter Bakker is planning to use part of the proceeds for a share buyback in the second half and for small acquisitions to boost TNT’s presence in Europe and Asia.

from postcom.org
According to Wall Street Journal, “Despite its position as the No. 1 operator in the European express market and the world’s second-largest logistics provider, the recent boom in the logistics sector hasn’t shaken speculation that former Dutch mail monopoly TNT is a potential takeover target. It has achieved solid growth during the past four years, but still lacks the heft of industry giants such as FedEx Corp. or Deutsche Post AG and has been distracted by an investigation into tax liabilities.”