Executive Briefings

Will EU Permanently Ground FedEx-TNT Deal?

What seemed like a sure deal may not be a slam-dunk after all. Regulators in the European Union have said they may consider demanding concessions, including the selling off of some assets, with regard to the proposed takeover of TNT Express by FedEx Corp.

EU regulators could submit a formal complaint to FedEx within a couple of weeks, which could trigger new negotiations.

An attempt by FedEx rival UPS to purchase TNT in 2013 was shut down by the European Commission over concerns about reduced competition, due to the combined market share of the proposed UPS/TNT entity. Sources close to FedEx say that the deal is "very finely balanced," and that the EU regulators have yet to decide whether to send a statement of objections.

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EU regulators could submit a formal complaint to FedEx within a couple of weeks, which could trigger new negotiations.

An attempt by FedEx rival UPS to purchase TNT in 2013 was shut down by the European Commission over concerns about reduced competition, due to the combined market share of the proposed UPS/TNT entity. Sources close to FedEx say that the deal is "very finely balanced," and that the EU regulators have yet to decide whether to send a statement of objections.

Read Full Article