UPS, TNT Express Merger Review May Be Delayed By EU Regulator

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 16, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS, TNT Express Merger Review May Be Delayed By EU Regulator - Bloomberg

    European Union regulators suspended their review of United Parcel Service Inc. (UPS)’s bid for TNT Express NV (TNTE) to seek more information from the parties on the deal.

    The European Commission in Brussels suspended its deadline for analyzing the transaction, it said on its website. The decision comes less than a month after the EU regulator had extended the initial deadline to Dec. 12.

    “It doesn’t mean we make any judgments on the merits of the case,” Ryan Heath, a spokesman for the EU, said by telephone today. “Once the commission has all the necessary information, it will reset the clock.”
     
  2. TNT Man

    TNT Man New Member

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    Lasted edited by : Aug 18, 2012