FedEx and TNT say EU has no antitrust objections to $5bn merger

default_image

© Khunaspix Dreamstime.

By Gavin van Marle

21/10/2015

The latest in the proposed takeover of TNT by FedEx came late last night when the two companies sent out a combined statement announcing that they have so far not received any objections to the deal. Wait for it, though, this statement was released as a result of growing media speculation, while the EC’s own deadline is 23 October. There’s still time for this to go south…

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

Express Yourself FedEx Takeover Talk TNT Apollo Atlas Air DoJ M&A Polar Air Cargo US DoT

Most Read

The 'mother of all BAFs' looms for shippers as green targets advance

First shipper uses new land-air corridor ex-India for Bangladesh exports

Maersk idles more ships while NOOs see a rebound in demand

Container shipping can see ‘green shoots’ of freight demand recovery

Forwarding M&A round-up: plenty of action making smaller headlines

Shippers advised to give strike-hit port of Hamburg a miss

Some ocean trades stabilising, but transatlantic rates still falling

Retailers warn of challenging orderbooks amid continued high inventory

Mind the (income) gap with Mærsk, DP-DHL & Kuehne – DSV the safest

K+N will take financial hit to 'create critical mass' for smart labels

Another rail strike in Germany to add to European freight troubles

Boost for Hong Kong air cargo volumes as ban on vape traffic is lifted

Older freighters look set for the scrap heap as capacity oversupply looms

Beijing and Moscow develop rail trade with new route and river bridge

Maersk says posted data is not current and not from attack by hackers

Transport and logistics in Europe pushed to beef-up cybersecurity