UPS to bid for TNT

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epa01439913 (FILES) A file photograph dated 03 April 2007 shows the head office of global express and mail delivery services company TNT in Hoofddorp, The Netherlands. The Sunday Telegraph said 10 August 2008 that United Parcel Service (UPS) was in negotiations with and planning to make a bid for TNT. The value of the bid is said to be 10 billion euros, while TNT’s market value is estimated at some 9.6 billion euros. Both companies have declined any comment. EPA/KOEN SUYK

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