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EU opens probe into FedEx, TNT deal
2015-08-03 08:59:20| Trucking - Topix.net
The European Commission on Friday opened an in-depth investigation into FedEx Corp.'s EUR4.4 billion deal to buy TNT Express NV, saying it was concerned about the merged company's dominance in the international delivery of small packages in some European markets. The commission, the European Union's antitrust watchdog, said the two remaining international delivery companies, United Parcel Service Inc. and DHL Worldwide Express Inc., may not provide sufficient competition to the merged company.
EU Probes FedEx, TNT Deal
2015-07-31 18:18:54| Air Courier - Topix.net
The European Commission on Friday opened an in-depth investigation into FedEx Corp.'s EUR4.4 billion deal to buy TNT Express NV, saying it was concerned about the merged company's dominance in the international delivery of small packages in some European markets. The commission, the European Union's antitrust watchdog, said the two remaining international delivery companies, United Parcel Service Inc. and DHL Worldwide Express Inc., may not provide sufficient competition to the merged company.
EU Probes FedEx, TNT Deal
2015-07-31 17:49:07| Trucking - Topix.net
The European Commission on Friday opened an in-depth investigation into FedEx Corp.'s EUR4.4 billion deal to buy TNT Express NV, saying it was concerned about the merged company's dominance in the international delivery of small packages in some European markets. The commission, the European Union's antitrust watchdog, said the two remaining international delivery companies, United Parcel Service Inc. and DHL Worldwide Express Inc., may not provide sufficient competition to the merged company.
FedEx Seeks European Approval for TNT Express Acquisition
2015-06-29 21:23:13| Air Courier - Topix.net
European Union regulators should rule on FedEx Corp .' s bid to acquire Dutch logistics firm TNT Express by Aug. 3. Memphis-based FedEx on Friday, June 26, submitted a required filing to the European Commission to obtain regulatory approval for the nearly $5 billion takeover of TNT Express, the largest deal in FedEx's 42-year history.
Tags: express
european
approval
acquisition
EU regulators to decide on Fedex's , TNT deal by Aug. 3
2015-06-29 13:36:48| Trucking - Topix.net
European Union antitrust regulators will rule by Aug. 3 whether to clear U.S. package delivery service company FedEx's 4.4-billion-euro bid for Dutch peer TNT Express, the European Commission said on Monday. FedEx, which wants to merge its air fleet with TNT's extensive European road network to better compete with rivals United Parcel Service and Deutsche Post, sought EU approval last Friday.
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