AMSTERDAM (Thomson Financial) - Shares in Dutch postal giant TNT NV
outperformed the market in early trade on renewed rumours of takeover interest
from Fedex Corp and talk of a 50 eur per share offer price, traders said.
At 10.15 am, TNT shares were up 2.41 pct at 34.40 eur while the AEX was 0.61
pct higher at 553.19.
AFS trader Rik Zwanenveld confirmed that the rumour was circulating but
responded with caution, saying, "this is the umpteenth time that there has been
a rumour that Fedex wanted to buy TNT."
He did note, however, that this time, the rumoured offer price is higher,
and said that "it cannot be ruled out completely, but we've heard this talk
before."