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UPS-TNT merger on the ropes

Air

Friday, November 09, 2012

Major roadblocks thrown up by European Union regulators have increased the chances of UPS abandoning its effort to acquire TNT Express, which would give it a large market share equivalent to that of Germany's DHL. Together, UPS and DHL would control about half the courier market in Europe. In October, the European Commission delivered to UPS and TNT a confidential statement listing its objections to the proposed merger, which officials foreshadowed in public comme...

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