TNT's weak profits make higher UPS bid less likely official

euronews-en By
533
By euronews-en
TNT Express has posted weaker-than-expected results, which will not help it get a higher price from takeover bidder United Parcel Service.

The Dutch freight and delivery group's quarterly operating loss was 104 million euros, from a 24 million profit in the same period a year earlier.

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http://www.euronews.net/
02/21/2012