ups
UPS and TNT Express said they would sell assets and open up their air networks on 30 November in a bid to assuage Brussels regulators in their bid to get approval for their planned merger. However, the express delivery companies gave few other details. According to press reports, UPS has been in talks with the Royal Mail, La Poste in France and FedEx about selling some assets.
The submission extends the ...
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UPS and TNT said on 19 October that they have received a Statement of Objections (SO) from the European Commission (EC) over the competitive effects of their intended merger on the international express small package market in Europe.
In a statement, the two carriers described the SO as a normal step ...
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Tough domestic economic conditions are forcing UK businesses to look overseas for growth, according to a joint study by logistics company UPS and the Centre for Economics and Business Research (Cebr), published on 12 October.
However, the economy remains very reliant on mature export markets and there has been relatively little ...
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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 ...
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The European Commission has resumed its examination of UPS’s proposed acquisition of TNT Express and has set a new deadline, of 20 December. UPS had already extended its public offer for the Dutch-based company from 31 August to 9 November. However, the two companies said they still hoped to complete ...
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The European Commission has temporarily suspended its investigations into UPS's bid to acquire TNT Express, putting further doubt on whether the deal can be completed by the two companies hoped for date of late 2012. Brussels said it was seeking more information.
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UPS announced second quarter 2012 diluted earnings per share of $1.15 on 23 July, up 7.5% over the 2011 adjusted results. US domestic operating profit rose 14%, despite the increasing uncertainty in the economic outlook there, continuing weakness in Asian exports and the debt crisis in Europe, said UPS chairman ...
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The European Commission has asked for more time to review UPS's proposed acquisition of TNT Express , saying that there are certain areas that require more time to analyze. As a 'Phase II' investigation can take up to 25 weeks to complete, it is likely the offer condition relating to ...
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UPS has revealed its plans for the delivery of London 2012 team kit to Paralympic athletes across the UK, involving the warehousing, packing and delivery of more than 27,000 items to over 300 athletes.
The first step in the process will involve UPS warehousing all of the kit, so it can ...
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UPS and TNT Express have formally announced on a recommended all-cash offer of €9.50 per ordinary share for TNT Express. It values the latter's outstanding ordinary shares at about €5.16 billion. UPS will finance the Offer by using €3.7 billion of available cash on its balance sheet and €1.46 billion ...
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