takeover

Another delay for TNT takeover

EU regulators said on 5 September that they would extend their review of UPS's proposed takeover of TNT Express , triggering an admission from the US parcels giant that the deal would not now be completed until early 2013, instead of the hoped-for deadline of late 2012. Brussels said that antitrust conditions will not be met by the end of the year. UPS played down the significance of the announcement, saying ... [+]