Following its earlier announcement of Brussels-based delivery firm Kiala this week, UPS has made a $6B+ unsolicited bid for TNT Express, which has turned it down. Talks are reportdely continuing. Bloomberg report here. UPS, Fedex, DHL, and TNT are the four leading players, so this would be a big consolidation move. The UPS investor relations site has several presentations that suggest a renewed focus on Europe; this bid would be in line with such a thrust.
