EU Demands UPS Concessions in 67B TNT Deal Over Antitrust Concerns
UPS's $6.7 billion acquisition of TNT faced scrutiny from the European Union's antitrust regulators, potentially requiring significant concessions to alleviate competition concerns. The European Commission worried the deal would create a market monopoly, and UPS actively sought remedies. Historical precedents show similar mergers face considerable challenges, but UPS is determined to overcome these hurdles, achieve synergies, and reshape the express delivery market in Europe and globally. The EU's concerns centered on potential price increases and reduced service quality for customers in the European Economic Area.
