UPS (UPS) to Acquire TNT Express in $6.77B Deal

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EC Opposes UPS (UPS) Acquisition of TNT Express

January 14, 2013 6:28 AM EST

United Parcel Service Inc. (NYSE: UPS) said that the European Commission (EC) has informed UPS and TNT Express that it is working on a decision to prohibit the proposed acquisition of TNT Express.

UPS submitted an initial remedies proposal on Nov. 29, 2012 and... More