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Sunday, Nov 4
2012, 3:25 AM
UPS's (UPS) €5.16B acquisition of TNT Express needs "substantial remedies" to allay...
UPS's (UPS) €5.16B acquisition of TNT Express needs "substantial remedies" to allay antitrust concerns, EU competition chief Joaquin Almunia has said, adding that the bloc's review of Glencore's (GLCNF.PK) bid for Xstrata (XSRAF.PK) is "well advanced." In addition to looking at high market share, which is "not always problematic," Almunia said, regulators look at the impact of a deal on pricing, quality, choice and innovation.