UPS and TNT offer remedies to win EU backing for merger
UPS and TNT Express have proposed the sale of certain business activities and assets in a bid to persuade European competition authorities to allow their merger.
Read MoreTag: competition
UPS still believes TNT deal will fly “in early 2013”
UPS executives said today that they still expect the EUR 5.16bn acquisition of rivals TNT Express to go ahead early in 2013, despite receiving a Statement of Objections from the European Commission.
Read MorePoland prepares to open postal market to full competition
Postal operator InPost reports that the final move to open Poland’s PLN 6bn (EUR 1.5bn) postal market to full competition is now getting underway in the country’s Parliament.
Read MoreEU: UPS-TNT merger depends on FedEx and DHL ability to compete
The European Commission’s top antitrust official said today that approval for the EUR 5.16bn acquisition of TNT Express by UPS will hinge on whether FedEx and DHL will give the resulting express delivery giant a run for its money.
Read MoreUPS says TNT Express deal will take until 2013
UPS and TNT Express said today they now expect their merger deal to be completed in early 2013, rather than the fourth quarter of 2012 as they have suggested previously this year.
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