UPS Adds Ground Freight Options By Acquiring Overnite Corp.
Communiqué d'UPS : UPS Adds Ground Freight Options By Acquiring Overnite Corp. ATLANTA, May 16, 2005 – UPS (NYSE:UPS) and Overnite Corporation (NASDAQ: OVNT) today jointly announced a definitive agreement for UPS to acquire Overnite for US$43.25 per share, or approximately US$1.25 billion in cash. The transaction will allow UPS to expand its service portfolio by offering a variety of less-than-truckload (LTL) and truckload (TL) services to its North American customers. It also will immediately position UPS as a top U.S. LTL carrier and comes just five months after the company expanded its air freight services by acquiring Menlo Worldwide Forwarding. ____________________________________________________ UPS Adds Ground Freight Options By Acquiring Overnite Corp. ATLANTA, May 16, 2005 – UPS (NYSE:UPS) and Overnite Corporation (NASDAQ: OVNT) today jointly announced a definitive agreement for UPS to acquire Overnite for US$43.25 per share, or approximately US$1.25 billion in cash. The