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Empresas y finanzas

TNT Express rejects 4.9 billion euros bid from UPS


    AMSTERDAM (Reuters) - Dutch delivery firm TNT Express said on Friday its board of directors rejected a 9 euro per share bid made by U.S-based peer UPS , although discussions with UPS are ongoing.

    There were about 543 million ordinary TNT Express shares outstanding, the most up-to-date filing at market regulator AFM showed, giving a bid value of 4.9 billion euros.

    (Reporting by Roberta B. Cowan)