2 hours, 46 minutes ago NEW YORK (Reuters) - U.S. delivery company United Parcel Service (UPS.N) is in talks to buy Dutch rival TNT NV (TNT.AS), a source familiar with the talks said.TNT shares jumped following the comment and an earlier report in Britain's Sunday Telegraph newspaper that UPS was planning a 10 billion euro ($15.2 billion) bid for TNT.
But the stock gave back all of its gains after Reuters inaccurately reported that a UPS executive, Dan Brutto, had played down or dismissed reports that the companies were talking. Brutto made no direct comment on the reported talks.
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