Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS loses $2 billion euro claim for EU veto on TNT bid
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 5184161" data-attributes="member: 1"><p><strong>UPS loses $2 billion euro claim for EU veto on TNT bid - Reuters</strong></p><p></p><p>The world's No. 1 logistics company, United Parcel Service Inc <a href="https://www.reuters.com/companies/UPS.N" target="_blank">(UPS.N)</a>, on Wednesday lost its court fight for a record 1.74-billion euro ($2 billion) compensation claim from EU antitrust regulators for blocking its 2013 bid for Dutch rival TNT.</p><p></p><p>A win for UPS could encourage other companies to take similar action though EU merger vetoes are rare, with only 10 deals blocked by the EU in the past decade.</p><p></p><p>The European Commission had stopped UPS' planned 5.2-billion-euro acquisition of TNT because it had not offered enough remedies to allay concerns that the deal would hurt consumers.</p><p></p><p>UPS subsequently challenged the decision in court, won and then sued the EU executive for compensation for the harm allegedly suffered as a result of the EU veto.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5184161, member: 1"] [B]UPS loses $2 billion euro claim for EU veto on TNT bid - Reuters[/B] The world's No. 1 logistics company, United Parcel Service Inc [URL='https://www.reuters.com/companies/UPS.N'](UPS.N)[/URL], on Wednesday lost its court fight for a record 1.74-billion euro ($2 billion) compensation claim from EU antitrust regulators for blocking its 2013 bid for Dutch rival TNT. A win for UPS could encourage other companies to take similar action though EU merger vetoes are rare, with only 10 deals blocked by the EU in the past decade. The European Commission had stopped UPS' planned 5.2-billion-euro acquisition of TNT because it had not offered enough remedies to allay concerns that the deal would hurt consumers. UPS subsequently challenged the decision in court, won and then sued the EU executive for compensation for the harm allegedly suffered as a result of the EU veto. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS loses $2 billion euro claim for EU veto on TNT bid
Top