United Parcel Service (UPS) and TNT Express said Friday they have received a statement of objections (SO) from the European Commission (EC) related to the “competitive effects” of the companies’ pending merger.
United Parcel Service (UPS) and TNT Express said Friday they have received a statement of objections (SO) from the European Commission (EC) related to the “competitive effects” of the companies’ pending merger. UPS reached an agreement earlier this year to acquire TNT for €5.16 billion ($6.76 billion), but the EC postponed a decision to approve the deal over antitrust concerns (ATW Daily News, Oct. 11). The SO is a “normal step” in the merger process, ...
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