Baker & McKenzie has successfully challenged the proposed €5.2bn (£4.3bn) takeover of delivery giant TNT Express by United Parcel Service (UPS), which has collapsed after the European Commission moved to block the deal. FedEx challenged the merger on competitive grounds after UPS's bid was announced in early 2012, with the European Commission subsequently opening an investigation into the proposed deal in July.
January 14, 2013 at 08:35 AM
1 minute read
The original version of this story was published on Legalweek
Baker & McKenzie has successfully challenged the proposed €5.2bn (£4.3bn) takeover of delivery giant TNT Express by United Parcel Service (UPS), which has collapsed after the European Commission moved to block the deal.
FedEx challenged the merger on competitive grounds after UPS’s bid was announced in early 2012, with the European Commission subsequently opening an investigation into the proposed deal in July.
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