TNT share interest
Shares in Dutch mail company TNT rose 3.7 percent to 31.11 euros on Wednesday on renewed talk that the group may be a bid target, traders said.
They named TNT’s U.S. rivals UPS or Fedex as possible bidders.
A TNT spokesman declined to comment, saying the company never commented on market speculation.
An Amsterdam-based trader said: “There is talk of UPS or Fedex interest in TNT. It is an old rumor but UPS and Fedex both seem to be looking at Europe, which would make TNT an obvious candidate, especially as the shares have come off recently.”
“I wouldn’t be surprised if one of them buys it eventually,” the trader said.
