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UPS Said to Weigh Concessions When EU Objects to TNT Bid
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<blockquote data-quote="cheryl" data-source="post: 1038439" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2012-10-10/ups-said-to-soon-receive-eu-antitrust-objections-on-tnt-bid.html" target="_blank"><strong>UPS Said to Weigh Concessions When EU Objects to TNT Bid - Bloomberg</strong></a></p><p></p><p>EU Competition Commissioner Joaquin Almunia said on Oct. 2 that the UPS deal would reduce from four to three the number of companies that control pan-European parcel-transport networks. Regulators would analyze whether the combined firm would be “challenged enough” by DHL and FedEx Corp. (FDX), he said.</p><p></p><p>“These companies offer a service that has a broad impact on our economy, especially for cross-border trade, so it is important that customers continue to have access to these services at competitive conditions,” Almunia said in the speech in Nicosia.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1038439, member: 1"] [URL="http://www.bloomberg.com/news/2012-10-10/ups-said-to-soon-receive-eu-antitrust-objections-on-tnt-bid.html"][B]UPS Said to Weigh Concessions When EU Objects to TNT Bid - Bloomberg[/B][/URL] EU Competition Commissioner Joaquin Almunia said on Oct. 2 that the UPS deal would reduce from four to three the number of companies that control pan-European parcel-transport networks. Regulators would analyze whether the combined firm would be “challenged enough” by DHL and FedEx Corp. (FDX), he said. “These companies offer a service that has a broad impact on our economy, especially for cross-border trade, so it is important that customers continue to have access to these services at competitive conditions,” Almunia said in the speech in Nicosia. [/QUOTE]
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UPS Said to Weigh Concessions When EU Objects to TNT Bid
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