Europe to decide on FedEx, TNT acquisition by January 13
Article continues below
The European Commission opened an in-depth investigation into Fedex's takeover in July.
The European Commission opened a full-scale probe last month, concerned that the deal would lead to higher prices for businesses and consumers because the merged company would only compete with UPS and DHL, a unit of Deutsche Post.
"The parties have requested a 20-day extension for the phase II investigation, as they are entitled to do according to the merger regulation," Commission spokesman Ricardo Cardoso said on Friday. ■