UPS Extends TNT Offer to November on Antitrust Procedures

United Parcel Service Inc. UPS said it will extend the offer period for TNT Express NV TNTE by more than two months as the delivery companies await antitrust decisions on the 5.16 billion-euro $6.4 billion takeover plan.TNT shareholders may tender stock until Nov. 9 instead of Aug. 31 because regulatory clearance won’t be received by the original deadline, Atlanta-based UPS said today in a statement. The companies “remain committed” to the plan “and are working to fulfill all offer conditions.”

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