European Commission officially halts UPS-TNT merger

Wednesday, January 30, 2013

The European Commission has officially issued a decision prohibiting the proposed merger between UPS and TNT Express, saying it would restrict competition in the EU small package market. The ruling had been expected for some time. UPS and TNT have agreed to terminate the merger plans, with UPS owing a $267 million termination fee. The commission said the number of small-package players in 15 of its member states would have been reduced from three to two, with DHL...

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