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UPS looks to China for M&A
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Tom Mclain
Aug 11 2008, 09:34 PMReuters has published an article stating, "Top global logistics firm United Parcel Service hopes to buy a firm in China and boost staff there in coming years." In the article a UPS official was quoted as saying, "U.S. consumers are not buying, but I think the great opportunity for us internationally is business that never touches U.S. shores." See: http://www.reuters.com/article/ousivMolt/idUSHKG565902008081...
How does this story strike the group? Do you think we will see more companies pin their global expansion hopes on M&A? As an expansion strategy, what do you think of the UPS anouncement? Any other comments or observations?
[Edited Aug 12 2008]
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J. M.
Dec 01 2008, 10:35 AMI think there's a growing mood of protectionist sentiment directed against foreign acquisitions of Chinese domestic companies. Mofcom (China’s Ministry of Commerce) has just published a ruling that shows how Chineses authorities can use China’s new antitrust regime to shield domestic industry from foreign competition: http://www.ft.com/cms/s/0/d7addf8e-beff-11dd-ae63-0000779fd1...
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