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The European Commission has told UPS (UPS) that it is working on a decision to block the U.S....

The European Commission has told UPS (UPS) that it is working on a decision to block the U.S. company's €5.2B acquisition of Dutch rival TNT Express. If the deal is not approved, UPS will pay TNT a termination fee of €200M and withdraw the offer. The EU's likely decision is not a surprise given that Competition Commissioner Joaquin Almunia has expressed antitrust concerns about the transaction. (PR)
Comments (1)
  • brobin421
    , contributor
    Comments (9) | Send Message
     
    The award for the biggest idiots of the year goes to the European Commission! With their economy barely limping along,they should welcome a proven,solid company like UPS with open arms. I quess there are boneheads in control of their economy just like there are boneheads in control here in the USSA (United Socialist States of America) DUMB!!!
    14 Jan 2013, 06:17 AM Reply Like
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