Key Developments: United Parcel Service Inc (UPS)
88.78USD
21 May 2013
$0.23 (+0.26%)
$88.70
$88.55
$89.42
$88.51
2,907,221
3,538,213
$89.96
$69.56
Latest Key Developments (Source: Significant Developments)
United Parcel Service Inc Announces Quarterly Dividend
United Parcel Service Inc announced that the Board of Directors declared a regular quarterly dividend of $0.62 per share on all outstanding Class A and Class B shares. The dividend is payable May 29, 2013, to shareowners of record on May 13, 2013. Full Article
United Parcel Service Inc Secures Five-Year Contracts
United Parcel Service Inc announced that it has reached a tentative agreement with the International Brotherhood of Teamsters (Teamsters) on two, new five-year contracts in the small package and freight business units. The tentative contracts, which must be presented to the UPS Teamster-represented employees for ratification, were concluded well in advance of the July 31, 2013, expiration of the current contracts. Upon ratification, the new agreements will take effect on August 1, 2013. Full Article
United Parcel Service Inc to Acquire Hungarian Healthcare Logistics Company CEMELOG
United Parcel Service Inc announced it will purchase Hungary-based pharmaceutical logistics company, CEMELOG Zrt, as part of its ongoing global growth and investment strategy. The acquisition further strengthens UPS`s healthcare reach and expertise in Europe, enabling comprehensive, compliant services to customers in the pharmaceutical, biotech and medical device industries across the increasingly important markets of Central and Eastern Europe. UPS expects to complete the transaction in the second quarter of 2013, subject to customary closing conditions. Per company policy, terms of the deal are not disclosed. The acquisition adds three additional facilities of approximately 255,000 square feet (24,000 square meters) of healthcare distribution space to UPS`s current European network. The announcement follows the opening of three new dedicated healthcare facilities across Asia in October 2012 and the expansion of five facilities across North America in early 2013. UPS now operates more than 6.4 million sq. ft. (nearly 595,000 square meters) of dedicated healthcare space in 41 facilities worldwide. UBS is acting as financial advisor to UPS. Full Article
United Parcel Service Inc Reaffirms FY 2013 EPS Guidance
United Parcel Service Inc reaffirmed fiscal 2013 guidance and expects earnings per share (EPS) to be within a range of $4.80-$5.06. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.98 for fiscal 2013. Full Article
The Law Firm of Klayman & Toskes Investigates United Parcel Service Inc
The Securities Arbitration Law Firm of Klayman & Toskes (K&T), announced that it is investigating claims against full-service brokerage firms relating to current and former United Parcel Service Inc (UPS) employees who sustained losses as a result of maintaining a concentrated, leveraged position in UPS stock. Many UPS employees who obtained company stock as a form of compensation through the Managers Incentive Program, and later transferred it to a full-service brokerage firm, used the stock as collateral for a hypo loan. A hypo loan is obtained by pledging securities or other assets as collateral to secure a loan. In this case, the UPS stock served as collateral for the loan. Unfortunately, many UPS employees were never advised of the risks associated with maintaining a hypo loan, including the risk of a margin call. When the price of UPS stock declined from October 2008 through April 2009, many UPS employees had their stock liquidated thereby decimating their investment portfolio. Full Article
United Parcel Service Inc Revises FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates; Comments On Long Term Earnings Guidance-Conference Call
United Parcel Service Inc announced that the guidance for fiscal 2013 earnings-per-share growth of 6% to 12%, which is below stated long-term goal of 10% to 15% earnings, which continues to feel is a reasonable target, although certainly the economy is not giving a big boost this year. The Company reported EPS of $4.53 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.01 for fiscal 2013. Full Article
United Parcel Service Inc Increases Dividend
United Parcel Service Inc announced that the Board of Directors declared a regular quarterly dividend of $0.62 per share on all outstanding Class A and Class B shares, an increase of 8.8%. The dividend is payable on Mar. 12, 2013 to shareholders of record on Feb. 25, 2013. Full Article
United Parcel Service Inc Issues FY 2013 EPS Guidance Below Analysts' Estimates
United Parcel Service Inc announced that for fiscal 2013, it expects earnings per share (EPS) to be within a range of $4.80 - $5.06. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.11 for fiscal 2013. Full Article
United Parcel Service Inc Announces Withdrawal Of Offer For TNT Express NV
United Parcel Service Inc announced the withdrawal of Offer for TNT Express NV. As anticipated, the European Commission (EC) has issued a formal decision prohibiting the proposed acquisition of TNT Express. As a result of the prohibition by the EC, the Offer Condition relating to EU Competition Clearance will not be fulfilled and the acquisition of TNT Express by UPS will not be completed. Given this outcome, UPS and TNT Express entered a separate agreement to terminate the Merger Protocol. UPS proposed tangible remedies designed to address the EC's concerns with the transaction concerning the competitive landscape in Europe. Full Article
EU Blocks United Parcel Service Inc, TNT Express NV Merger-DJ
Dow Jones reported that European Union (EU) regulators formally blocked a proposed merger between U.S. express delivery giant United Parcel Service Inc (UPS) and TNT Express NV, saying the transaction would have restricted competition in 15 EU countries. The decision had been expected after UPS said earlier this month that it would abandon its EUR5.2 billion ($6.99 billion) bid for its Dutch rival, saying the European Commission had told the U.S. firm it was working on a decision to block the deal. The commission, which reviewed the merger, said it has sought to address antitrust concerns with UPS but that concessions offered by the Atlanta-based firm were 'inadequate'. Full Article
TNT Express to see impact of cost cuts in second half
AMSTERDAM - Dutch delivery group TNT Express , the target of a failed $7 billion takeover by United Parcel Service , said the impact of cost-cutting measures would show up in the second half.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
