Reuters UK--Oct 16 (Reuters) - United Parcel Service Inc said on Tuesday it was committed to its 5.2 billion euro ($6.7 billion) bid for Dutch rival TNT Express and urged EU antitrust regulators to be "reasonable" in assessing it.
The European Commission is worried the proposed merger will reduce the number of players from four to three, leaving the combined UPS/TNT group to compete only with Deutsche Post's DHL and FedEx.
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The European Commission is worried the proposed merger will reduce the number of players from four to three, leaving the combined UPS/TNT group to compete only with Deutsche Post's DHL and FedEx.
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