UPS’s EU Deadline For TNT Express Bid Extended By Extra 10 Days

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 27, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS’s EU Deadline For TNT Express Bid Extended By Extra 10 Days - Bloomberg

    European Union regulators extended their review of United Parcel Service Inc. (UPS)’s bid for TNT Express NV (TNTE) by 10 working days until Dec. 12.

    The European Commission didn’t specify the reason for the delay that was signaled in a filing on its website today. The time limit for the regulatory review of deals can be prolonged at the request of the companies or officials.

    EU regulators said last week there are potential competition concerns for small parcel delivery services, in particular international express services, in several European countries where the companies would have very high combined market shares.