FedEx (FDX) in No Rush to Place Bid for TNT Express (UPS)

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Go back to FedEx (FDX) in No Rush to Place Bid for TNT Express (UPS)

UPS's (UPS) TNT Deal Latest to Get Axed by Int'l Regulators

January 14, 2013 11:32 AM EST

This morning United Parcel Service Inc. (NYSE: UPS) told investors EU regulators nixed its $6.9 billion plan to acquire TNT Express.

From UPS's point of view, it bent over backwards to appease the European Commission. It revised its proposal twice, but in the end anti-competitive fears proved too strong to outweigh what many, including TNT and UPS, thought would benefit consumers, not to mention business and... More

FedEx (FDX) Active as UPS (UPS) Plan for Broader European Presence Nixed by EC

January 14, 2013 7:56 AM EST

FedEx Corp. (NYSE: FDX) is on watch today following news that the European Commission (EC) is opposing United Parcel Service's (NYSE: UPS) bid to acquire TNT Express. UPS will pay a 200 million termination fee to TNT Express.

Shares of FedEx are indicated higher Monday morning.... More

EC Opposes UPS (UPS) Acquisition of TNT Express

January 14, 2013 6:28 AM EST

United Parcel Service Inc. (NYSE: UPS) said that the European Commission (EC) has informed UPS and TNT Express that it is working on a decision to prohibit the proposed acquisition of TNT Express.

UPS submitted an initial remedies proposal on Nov. 29, 2012 and... More