Ceva reorg accelerates as rumours give way to action
On the move
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By Alex Lennane
UPS’s attempts to merge with TNT rumble on. According to the Wall Street Journal, UPS has until midnight tonight to submit a set of concessions to the EU authorities in a bid to appease the Competition Commission. It is believed that the express operator will need to open its air and truck network to competitors – and that talks are underway for a fourth entrant into the market to ensure more competition. It begs the question: how much will UPS consider giving up before walking away from the deal?
Apologies if you have tried to access the WSJ link we put up, which has now gone behind a paywall. Try this one instead.
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