UPS, TNT Express Make Europe an Offer

On Friday, UPS (NYSE: UPS  ) and proposed acquisition TNT Express announced the steps they are prepared to take in order to receive approval from the European Commission for their merger.

Termed an "offer of remedies," the steps in question are designed to allay concerns the EC has expressed regarding anticompetitive effects the UPS-TNT merger may have on the parcel delivery market in Europe. The companies conveyed their offer to the EC on Friday, and said their offer includes "the sale of business activities and assets in combination with granting access to air capabilities" to rival companies.

Now, the EC will confidentially "market-test" the proposed remedies, to see whether they would in fact maintain competition in the market. The EC's review period extends to Feb. 5.

The companies did not provide specifics on their offer, although they did say that the offer is subject to change in response to feedback from the EC. If all goes well and their offer is ultimately accepted, the companies expect to conclude their merger in early 2013.

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  • Report this Comment On November 30, 2012, at 11:21 PM, upsoars wrote:

    Hello again,

    The deadline to submit this petition to the White House is closing in quickly and I need ALL your help! If you believe that the U.S. Postal Service is a vital quasi-owned governmental entity that should not go out of business please help today. My petition costs nothing to you; the tax payer or the USPS itself...this is just profitable businesses freely giving advice to one that is failing. You will not be solicited by anyone and it only takes a minute on-line to create an account by just putting in your name and making a password (that you never need to use again if you wish not to.) I have not even received any return response from signing up and if I did I'd probably delete it...I just needed to get this message to the White House, that's all. Please take a few minutes and read my petition, it's really a win-win proposition for everyone involved. If your wondering why public companies like FedEx, UPS or DHL would freely give business advice to the USPS it's because they all use the USPS' extensive network to complete thousands of rural deliveries that are out of their reach. The three public companies boast that the reach every address in the United States, it's only because of the USPS that they can legally say that.

    Thank you in advance for your time,

    Mike Rocci

    203-464-4006 (cell)

    P.S. Thank you to those who have signed this petition already. If anyone who uses Facebook (I don't have an account) could post this on your page this will take off like crazy!

    Dear friends,

    I wanted to let you know about a new petition I created on We the People, a new feature on WhiteHouse.gov, and ask for your support. Will you add your name to mine? If this petition gets 25,000 signatures by December 18, 2012, the White House will review it and respond!

    We the People allows anyone to create and sign petitions asking the Obama Administration to take action on a range of issues. If a petition gets enough support, the Obama Administration will issue an official response.

    You can view and sign the petition here:

    http://wh.gov/XPud

    Here's some more information about this petition:

    INVOLVE PUBLIC PARCEL COMPANIES TO CORRECT THE FISCAL HEALTH OF THE U.S. POSTAL SERVICE IN LEW OF A TAX PAYER BAILOUT.

    The U.S. Postal Service must be saved from itself. The latest data proves that it can't continue business as usual. The cash-strapped U.S. Postal Service has reached its $15 billion debt limit as capped by Congress and is barred from borrowing more. The Postal Service hit the cap on Sept. 28, a spokesman confirmed, reinforcing the fact that its cash reserves are running dangerously low. To run its business, the Postal Service can only borrow money from the U.S. Treasury, as opposed to private banks. Congress has barred the Treasury from lending it more than $15 billion at one time. The U.S. Postal Service ended the 2012 fiscal year (Oct. 1, 2011 thru Sept. 30, 2012) with a record net loss of $15.9 billion. Let's reach out to profitable public parcel companies to turn the USPS around.

    Please, for our own good..just take a few minutes and sign this petition. It does not matter what party affiliation you agree with.

    This petition is a "no brainer," the idea cost us tax payers no one dime, it could possibly save the US Postal Service and with that

    save us; the tax payers the burden of bailing them out in the tune of tens of BILLIONS of our hard earned money.

    God Bless you all,

    Mike Rocci

    203-464-4006

    P.S. Once you sign this petition please pass it on to everyone in your contact lists, post it on Facebook if you wish. If we get

    25,000 signatures in 30 days the President must respond to our request..there's nothing to lose.

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