New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 30, 2013
05:48 EDTUPS, TNTEYEuropean Commission confirms blocking of UPS takeover of TNT Express
The European Commission announced that it has prohibited under the EU Merger Regulation the proposed acquisition of TNT Express (TNTEY) by UPS (UPS). The Commission found that the take-over would have restricted competition in 15 Member States when it comes to the express delivery of small packages to another European country. In these Member States, the acquisition would have reduced the number of significant players to only 3 or 2, leaving sometimes DHL as the only alternative to UPS, the EU said. The agency added, "The concentration would therefore have likely harmed customers by causing price increases. During the investigation, UPS offered to divest TNT's subsidiaries in these 15 countries and allow the buyer to access its intra-European air network for five years. The Commission carried out an in-depth assessment, including a market test where customers and other interested parties were consulted. However, these remedies proved inadequate to address the identified competition concerns." Recall that UPS dropped its takeover bid TNT Express, saying the merger would be blocked by the European Commission. Reference Link
News For UPS;TNTEY From The Last 14 Days
Check below for free stories on UPS;TNTEY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 16, 2014
08:43 EDTUPSUPS expects to hire 90K-95K seasonal employees
Subscribe for More Information
September 15, 2014
11:40 EDTUPSUPS management to meet with BB&T
Meetings to be held in Los Angeles on September 17 and in Denver on September 18 hosted by BB&T.
September 12, 2014
07:53 EDTUPSUPS squeezed by growth of e-commerce, power of Amazon, WSJ says
Subscribe for More Information
September 11, 2014
09:37 EDTUPSActive equity options trading on open
Subscribe for More Information
September 9, 2014
13:51 EDTUPSNTSB finds UPS flight 1354 crashed due to 'unstabilized approach'
Subscribe for More Information
07:50 EDTUPSExecutives' Club of Chicago to hold a luncheon meeting
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use