A PYMNTS Company

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

 |  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.

Full Content: Reuters

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.