FedEx takeover of TNT hits bumpy road as EC steps in


FedEx said it “remains confident” about its proposed takeover of TNT Express despite the European Commission launching what it termed an “in-depth investigation” into the planned acquisition. The Commission said: “The EC is concerned that on a number of European markets for international express and regular small package deliveries, the merged entity would face insufficient competitive constraints if the takeover went ahead. This could lead to higher prices for business customers and consumers.” It stressed the merger would leave just […]