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FedEx, TNT deal enters Chinese Phase One merger review

By Eliot Gao ( November 25, 2015, 07:30 GMT | Insight) -- China's Ministry of Commerce has officially started its review of US delivery company FedEx's proposed buyout of Dutch rival TNT Express, MLex has learned. The ministry officially accepted the parties' merger filing materials recently and, as reported by MLex yesterday, it has started gathering opinion on the transaction from various stakeholders. Local legal sources said the deal may prompt an in-depth review that could take cues from decisions made in other jurisdictions, especially the EU.China's Ministry of Commerce, or Mofcom, has officially started its review of US delivery company FedEx's proposed buyout of Dutch rival TNT Express, MLex has learned....

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