Home / FedEx / UPDATE 6-TNT slumps as UPS pulls bid on EU veto

UPDATE 6-TNT slumps as UPS pulls bid on EU veto

* TNT Express shares down 42 pct, PostNL down 36 pct * EU told firms market position would be too strong * Efforts to hive off assets failed to find buyers * DHL rules out bid, FedEx in background AMSTERDAM, Jan 14 (Reuters) – UPS is dropping its $7billion bid for Dutch delivery firm TNT Express afterEuropean anti-trust regulators said they would veto it, leavingTNT's future in doubt and almost …

More: continued here

About admin

Check Also

Amazon.com will stop shipping to Australia from July 1 | afr.com – The Australian Financial Review

The Australian Financial Review Amazon.com will stop shipping to Australia from July 1 | afr.comThe …

Leave a Reply

Your email address will not be published. Required fields are marked *