Drs. Deng and Leonard Consulted for MOFCOM on the UPS-TNT Merger
Apr 9, 2013
Dr. Fei Deng and Dr. Gregory K. Leonard were retained by the Chinese antitrust agency in charge of merger control—the Anti-Monopoly Bureau of the Ministry of Commerce (MOFCOM) — as outside experts in MOFCOM’s review of the proposed UPS/TNT Express merger earlier this year.
In March 2012, UPS and TNT Express announced their agreement on a €5.16 billion ($6.77 billion) takeover deal. The merger was subjected to extended review by both MOFCOM and the European Commission. The merging parties withdrew the case in January 2013 before MOFCOM issued its decision.
This merger was the first time that MOFCOM has retained an outside expert from an international organization to work on a merger review case. Previously, Dr. Deng and Dr. Leonard assisted MOFCOM in a research project.