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JAN 15, 2013 - New Statesman

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EC may block €5.2bn UPS-TNT Express merger

The failure of merger is a setback for UPS.The European Commission (EC) has indicated that it would block the proposed €5.2bn takeover of the Dutch delivery group TNT Express by the US parcel group UPS. The European antitrust regulator, which blocked 22 mergers and acquisitions since 1989, believes that the UPS-TNT Express merger will make one of only two groups serving the European markets. A commission spokesperson told the Financial Times: “The commission will take its decision by February 5.” UPS has made attempts to win the EC approval with a package of remedies that ... Read More

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