TNT higher amid speculation Blackstone considering a bid
Shares in TNT NV were up late afternoon amid speculation in the German and Dutch markets that investment fund Blackstone Group may be interested in buying the Dutch mail and logistics company, dealers said.
‘There is some speculation in the market today that Blackstone is interested in TNT,’ said trader Rene Bastiaenen of Eureffect.
A Blackstone spokeswoman did not deny the speculation, noting that ‘we are currently doing due diligence on about a hundred things, to assess whether they are of interest.’
She declined to say whether TNT is one of those possible targets.
At 5:30 pm, TNT was up 1.81 pct to 28.11 eur, coming off an earlier low of 27.36 eur, while the AEX was 0.03 pct lower at 464.05.
