UPS seeks damages from European Commission for blocked TNT deal

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 […]

Decision to block UPS-TNT merger annulled

The decision to block the merger of UPS and TNT has been annulled by the General Court of the European Union due to “a procedural irregularity”. UPS notified the European Commission of its intention to buy TNT in 2012 under the Merger Regulation but the move was blocked on 30 January 2013 as it was […]