Deutsche Post boss confident on Airborne takeover
Deutsche Post’s top executive on Monday said he didn’t think a probe by U.S. regulators would block the German mail and express company’s USD1.1 billion takeover of Airborne Inc. “The takeover is legally OK. We’re relaxed about it,” Chief Executive Klaus Zumwinkel said at an industry conference in Bonn. Deutsche Post plans to spin off Airborne’s airline assets into DHL Airways, an independent company that it says complies with U.S. laws requiring American ownership of domestic carriers.
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