For a minute there I thought UPS was considering reopening its ill-conceived and ill-fated pursuit of TNT. As it turns out, it appears UPS simply wants to know the reasoning behind the anti-trust philosophy. Perhaps this means UPS is looking to acquire some much smaller entities but wants to know the ground rules in advance before engaging. Makes perfect sense as a due diligence step. Beyond that, I've got to believe that the current state of the global economy, in particular the Euro Zone, would permit some excellent bargains to be available. IMHO, the initial bid for TNT was way too high at the time it was announced and became absurd as more and more concessions were being made to allow the negotiations to continue. We would have been getting less and less within the confines of the deal while paying the same bloated $6.7B price tag. I think re-starting our acquisition search with a much more targeted approach and at a more modest financial outlay is best for all concerned. We can't forget that the 2 big issues- the Teamsters contract and the pension financial requirements- should take precedence.
Yertle, BTW I didn't bring the idea up. It was a headline story in many financial publications. If you read my post you'd note that we agree on the folly of pursuing TNT. The point I was trying to make is that it would make sense to understand the full thought process behind the decision since we may well be pursuing other much more modest acquisitions. Why not know what roadblocks we might face?