BUZZ-PostNL up after UPS Netherlands boss doesn't rule out takeover in interview

United Parcel Service, Inc. Class B -0.91%
Dow Jones Industrial Average -0.34%
S&P 500 index -0.40%
NASDAQ -0.34%

United Parcel Service, Inc. Class B

UPS

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Dow Jones Industrial Average

DJI

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S&P 500 index

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** Shares in PostNL PTNL.AS rise 3.2% after UPS's UPS.N Netherlands boss told local paper De Telegraaf that the U.S. group was not ruling out a takeover of the Dutch postal operator

** Michiel van Veen, managing director for UPS Benelux & France, said the company was looking to expand its market share across Netherlands and did not rule out a possible bid for PostNL

** "We grow through acquisitions or on our own and don't rule anything out," Van Veen told De Telegraaf

** Contacted by Reuters, PostNL and UPS were not immediately available for comment

** "The interview holds a short term negative but also a significant but more speculative positive for the (PostNL) shares," says ING

** The shares are on track for their best day since June 10 if gains hold


(Reporting by Dimitri Rhodes)

((Dimitri.Rhodes@thomsonreuters.com))

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