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)
