UPS ‘Absolutely Committed’ to TNT Deal, Due to Meet With EU - Bloomberg
United Parcel Service Inc. (UPS), the world’s biggest package-delivery company, is “absolutely committed” to its plan to take over TNT Express NV (TNTE) amid concerns from European Union antitrust regulators, said Dan Brutto, president of international operations.
UPS may be sent the document listing EU concerns over the deal as soon as this week, two people said on Oct. 10. Atlanta- based UPS is likely to wait until it receives the statement before offering concessions aimed at eliminating possible competition problems, the people said.
United Parcel Service Inc. (UPS), the world’s biggest package-delivery company, is “absolutely committed” to its plan to take over TNT Express NV (TNTE) amid concerns from European Union antitrust regulators, said Dan Brutto, president of international operations.
UPS may be sent the document listing EU concerns over the deal as soon as this week, two people said on Oct. 10. Atlanta- based UPS is likely to wait until it receives the statement before offering concessions aimed at eliminating possible competition problems, the people said.
