UPS pulls TNT deal - The Standard

Wednesday, May 22, 2013

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UPS pulls TNT deal
(01-31 11:38)

United Parcel Service said it withdrew its offer for TNT Express, after the European Commission has issued a formal decision prohibiting the proposed acquisition of the Netherlands-based courier delivery services firm.
The regulator said the 5.2 billion euro deal that allows UPS to expand businesses in Asia and Latin America would harm consumers' benefits.

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