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Stock impact report

UK watchdog to investigate merger of Evri with DHL's UK parcel arm [Yahoo! Finance]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: Yahoo! Finance
The Competition and Markets Authority (CMA) said on Wednesday that it was investigating Evri's purchase of DHL eCommerce UK , as well as the parent company DHL Group's acquisition of a minority stake in Evri. The UK is the world's third largest market for online commerce, behind only the US and China, according to US government figures . That enormous demand has prompted a scramble by delivery companies to meet it. The CMA said it would decide whether the Evri deal will result in a substantial lessening of competition. It said it would gather comments from interested parties for two weeks, until the 25 June, before starting the first phase of its investigation. The merger could bring together more than 30,000 couriers and van drivers, and 12,000 further workers. The combined company would deliver more than 1 billion parcels and 1 billion letters each year, the companies said. Germany's DHL is the world's third biggest delivery company by market value, behind only the US's Uni Show less Read more
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