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International Law

: Trade Regulation Talk

UPS Drops Planned Acquisition of TNT Express in Light of EC Concerns

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This posting was written by Jeffrey May, Editor of CCH Trade Regulation Reporter. United Parcel Service, Inc. (UPS) announced on January 14 that it is dropping its plans to acquire competing delivery company TNT Express N.V. in response to European Commission (EC) antitrust concerns over the deal. UPS said that the EC had informed the companies that it was working on a decision to prohibit the transaction. Upon prohibition by the EC, UPS will withdraw its offer and pay the Dutch firm ? read more

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Full post as published by Trade Regulation Talk on January 16, 2013 (boomark / email).

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