United Parcel Service Expected to Appeal Against the FedEx-TNT Takeover

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 17, 2016.

  1. cheryl

    cheryl I started this. Staff Member

    United Parcel Service Expected to Appeal Against the FedEx-TNT Takeover - BidnessEtc

    United Parcel Service, Inc. is likely to appeal to the Brazilian antitrust authorities over issuing clearance to the FedEx and TNT deal. According to Brazilian laws, the unprecedented decision can be appealed against within 15 days of the official decision date. UPS is the only competitor eligible to appeal against the proposed acquisition, as it is the only classified third party interested in the case