Sunday, September 15, 2024

UPS seeks damages from European Commission for blocked TNT deal

UPS releases Q2 2021 earnings

UPS is seeking €1.7 billion of compensation from the European Commission for blocking its takeover bid of TNT in 2013. The European Commission blocked the deal in January 2013 saying it would restrict competition in 15 member states, stating that in many countries the only alternative would be DHL. Since then, FedEx has taken over […]