TNT Express decides to Sell Airline to Secure UPS (NYSE:UPS) Deal – UPS, SPLS, DRYS, LVS, EBAY

On Fir dad, TNT Express NV (TNTE) deiced to sell its airline operations to ASL Aviation Group Ltd. in an effort to safeguard a contract to combine with United Parcel Service, Inc. (NYSE:UPS).

The transaction is provisional on the completion of UPS’s planned 5.16 billion-euro ($6.58 billion) buy of TNT, the Hoofddorp, Netherlands-based the package-delivery firm reported in a statement. Financial terms were not disclose.

Interim Chief Executive Officer of TNT Express, Bernard Bot stated that this is an important step towards completion of the proposed UPS-TNT Express merger and a optimistic outcome for the airline employees.

United Parcel Service, Inc. (NYSE:UPS) traded at $70.12 by plunging -0.30% at 10:45AM EST with price volatility of 1.54% for a week and 1.41% for a month plus price volatility’s Average True Range for 14 days was 1.07 and its beta stands at 0.85 times.

Stocks after opening at $70.84 hit high price of $70.84 and on last session stock held volume of 1.15 million shares which was lower than its average volume of 3.64 million shares.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.59 as current ratio and on the opponent side the debt to equity ratio was 1.99 and long-term debt to equity ratio also remained 1.48. The Company had total cash at hand $9.03 billion and a book value per share as $7.89 in the most recent quarter.

While investors who viewing UPS against other stocks with the reference of profit margin that are Staples, Inc. (NASDAQ:SPLS) small advanced +0.25%, DryShips Inc. (NASDAQ:DRYS) lost -10.54%, Las Vegas Sands Corp. (NYSE:LVS) up +3.92% and eBay Inc (NASDAQ:EBAY) edged up +1.40%.

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Published by Donna Fago

I believe in writing content Informing investors with the knowledge they need to invest better today- I have been following the markets for many years and was asked to join the team at recently due to my passion for the markets.