United Parcel the termination of the acquisition of TNT

United Parcel Service recently announced the termination of bid EUR 5160000000, TNT plan, express industry the biggest takeover failed. TNT also issued a statement saying, United Parcel because he can not see transaction approved " realistic prospects ", so will not be based on any other conditions for the bid. It is reported, strongly opposed the acquisition termination from EU competition authorities.
Officials said the European Commission, they are ready to make a decision to prohibit the acquisition, and postpone the deadline, the UPS has more time to agree terms. The decision in February 5 recently published. After the decision, united parcel will officially end with the TNT agreement, withdrawal of offer, and pay 200000000 euros to the TNT as a termination fee.
MYEX min Asia International Express
2013-01-22