A PYMNTS Company

E.U.: UPS committed to TNT deal in Europe

By  |  October 16, 2012

United Parcel Service Inc. (UPS) said on Tuesday it was committed to its 5.2 billion euro ($6.7 billion) bid for Dutch rival TNT Express and urged EU antitrust regulators to be “reasonable” in assessing it. The European Commission, which regulates antitrust matters in the European Union, is worried that the merger will reduce competition by reducing the number of players from four to three. If the poposed merger takes place, the combined UPS/TNT would compete only with DHL and FedEx. The EC is yet to detail its objections against the takeover.

    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: Reuters

    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

    Related Content: New Commission Notice on Remedies Acceptable under the Merger Regulation

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