Big Rivals No Safeguard, EU Economist Says After UPS Defends Bid

Discussion in 'The Latest UPS Headlines' started by cheryl, Nov 14, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    Big Rivals No Safeguard, EU Economist Says After UPS Defends Bid - Bloomberg

    Kai-Uwe Kuehn, who advises the European Union regulator on complex economic issues, was speaking in London yesterday, after earlier attending UPS’s formal hearing with officials in Brussels, where the company defended its 5.16 billion-euro ($6.5 billion) purchase of TNT.

    “Economically, it doesn’t make much sense” to argue a merger of smaller firms won’t have an effect because the “largest firm is still in the market to provide competitive restraint,” Kuehn said at the London event. “I have heard this several times, including this morning at a hearing.” He didn’t cite any companies by name.