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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3150 |
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Tax Court. UPS and the IRS settled the case in 2002, and UPS was to receive about $1 billion worth of credits and refunds over several years.)
Chinese government?owned logistics giant Sinotrans proved friendlier than the IRS, teaming up with UPS to expand UPS?branded service across China. To fund global expansion, UPS sold 9% of its stock in a public offering valued at more than $5 billion ?? then the largest IPO in US history...
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To fund global expansion, UPS sold 9% of its stock in a public offering valued at more than $5 billion ?? then the largest IPO in US history. The company also agreed to buy Challenge Air Cargo (completed in 2001), a Miami cargo airline serving Latin America. The international push continued in 2000 as UPS expanded operations into Australia...
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