UPS Said to Turn Table on EU in Bid to Hinder FedEx-TNT Deal

Discussion in 'The Latest UPS Headlines' started by cheryl, Oct 2, 2015.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Said to Turn Table on EU in Bid to Hinder FedEx-TNT Deal - Bloomberg

    United Parcel Service Inc.’s tie up with TNT Express NV was blocked by the European Union two years ago. Now, the world’s biggest package delivery company wants the EU to frustrate FedEx Corp.’s bid to run off with the Dutch rival it once courted.

    It’s lobbying hard against FedEx’s $4.8 billion TNT bid, said people familiar with the EU’s merger probe, who asked not to be named because the review is private. While such activity is common, they said UPS’s pending appeal over the vetoed deal is strengthening its hand. Taking a weaker stance with FedEx could damage regulators’ case in court.