ESC: UPS' failed bid good for competition

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Tuesday, January 22, 2013

The Brussels-based European Shippers' Council has congratulated UPS for abandoning its proposed 5.2-billion-euro takeover of TNT Express due to information that the European Commission would stop the merger once a formal ruling is held in February. In a statement, the ESC said it had serious concerns about competition in the European express market if the merger had been approved. Its decision was reached after consulting with customers of both TNT and UPS and its large membership...

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