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BUZZ-PostNL up after UPS Netherlands boss doesn't rule out takeover in interview
United Parcel Service, Inc. Class B UPS | 0.00 | |
Dow Jones Industrial Average DJI | 0.00 | |
S&P 500 index SPX | 0.00 | |
NASDAQ IXIC | 0.00 |
** 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))