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BREAKING! UPS TO MERGE WITH FedEx
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[quote:Anonymous Coward 394778:MV81NjU2MjZfODY0MzA0M19DRjRDNUIyMg==] [quote:DrPostman] I'll believe it when I see it. One thing I'm not sure about is that I think UPS is unionized, and FedEx isn't. I wonder how that will go over? [/quote] UPS is also very much employee-owned. They can't just up and decide to sell -- it's not even legally possible. FedEx could attempt a hostile takeover, and it would be up to the shareholders of UPS (employees) to decide if they would accept the buyout offer. [/quote]
Original Message
UPS TO MERGE WITH FedEx
AP 6/24/08
Washington 01:10 EDT
Tom Davies
AP: In a surprise announcement, CEO of UPS Richard Thomas said that due to high fuel costs and other economic factors that UPS was merging with FedEX. He did not expect any layoffs in the short term. Also no services would be affected. The new company would be operating under the name of FedUp.
Copyright © 2008 The Associated Press. All rights reserved.
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link to www.drudgereport.com
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