Nice try but guess will get no approval from EC
FT.com - FedEx in talks to buy Dutch rival TNT
FedEx in talks to buy Dutch rival TNT
By
Lina Saigol in London and
Justin Baer in New York
Friday Jul 11 2008 17:35
FedEx is in preliminary talks to acquire TNT, its smaller Dutch rival, in a deal that would bolster the package-delivery company's parcel network throughout Europe.
A deepening economic downturn and mounting fuel costs have hurt demand for package deliveries, reviving merger discussions that have continued in starts and stops for years.
While FedEx and arch-rival United Parcel Service have coveted TNT's European parcel business, they have been reluctant to take on the Dutch company's slower-growing postal division.
FEDEX, UPS and DHL would than share the market? That sounds like a monopoly! No way the EC will grant that!