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.
Featured News
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Turkey Hits Meta with $37.20 Million Fine Over Data-Sharing Practices
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI