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EU regulators to deny UPS-TNT merger, reports say

Regulatory

Friday, October 12, 2012

The proposed UPS takeover of TNT Express could be on the rocks, according to reports this week from Reuters and the Financial Times . Delays in obtaining regulatory approval of the 5.2 billion euro ($6.5 billion) deal last spring between two of the world's Big 4 integrated express carriers were the first sign of potential problems. Two weeks ago, Joaquín Almunia, European Commission vice president responsible for competition policy, expressed conc...

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