Brazilian anti-trust authorities rejected an appeal by UPS against the merger of FedEx & TNT

Discussion in 'The Latest UPS Headlines' started by cheryl, Mar 30, 2016.

  1. cheryl

    cheryl I started this. Staff Member

    Brazilian anti-trust authorities rejected an appeal by UPS against the merger of FedEx & TNT - Bidness

    FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. The CADE has cleared FedEx for an all cash $4.8 billion takeover bid for TNT. The takeover will incorporate all issued, and outstanding shares of TNT including American depository receipts (ADR) as well.
     
  2. brownmonster

    brownmonster Man of Great Wisdom

    Interesting how one company gets rejected and an identical company doesn't.
     
  3. HedleyLamarr

    HedleyLamarr Member

    UPS + TNT= 40% of European market
    FDX + TNT= 25% of European market

    Big difference.