ATLANTA — United Parcel Service, Inc. (“UPS”) and TNT Express N.V. (“TNT Express”) have reached agreement on a recommended all-cash offer of EUR 9.50 per ordinary share for TNT Express, representing a premium of 53.7% to the unaffected share price of TNT Express of EUR 6.18 on February 16, 2012, the day before TNT Express and UPS announced their on-going discussions.

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United Parcel Service, Inc.