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FEB 18, 2013 - Yahoo! News

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TNT Express reports Q4 loss, seeks divestments

AMSTERDAM (Reuters) - Dutch mail delivery group TNT Express , whose $7 billion takeover by United Parcel Service was blocked last month by European anti-trust regulators, reported a fourth-quarter loss on Monday. The collapse of the UPS takeover after a year of merger negotiations means TNT Express is once again forced to confront a weak European market and come up with a new standalone strategy. "There are many positive actions we can take to improve profitability and we look forward to providing a full update on 25 March," Bernard Bot, interim chief executive, said in a ... Read More

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