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EU To Detail Objections To United Parcel Service Inc, TNT Express NV Deal-Reuters


Wednesday, 10 Oct 2012 01:13pm EDT 

Reuters reported that EU antitrust regulators will next week tell United Parcel Service Inc that its bid for TNT Express NV will hurt competition, forcing the U.S. company to offer concessions or risk a veto. The European Commission, which is examining the EUR5.2 -billion ($6.71 billion) deal, will set out its concerns at a meeting with UPS officials on Tuesday before sending a statement of objections or charge sheet. The Commission has set a January 15 deadline for its decision. 

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