A PYMNTS Company

E.U.: UPS looks into offering service to rivals to save $6.67B merger deal

By  |  November 29, 2012

In efforts to salvage a deal to buy TNT Express NV, United Parcel Service Inc. is reportedly considering allowing rivals to use its trucks, planes and warehouses for fixed prices to send their items. UPS wants to buy TNT for $6.67 billion and is hoping the guarantees that would allow competitors to use UPS’s services would help to remedy concerns by the European Union over the deal. The E.U.’s main concern is a loss of competition in the process of overnight shipments; UPS hopes this plan would salvage competitors’ ability to do so.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.