Parcel companies fail to deliver €5bn merger deal

A proposed takeover deal between delivery firms United Parcel Service (UPS) and TNT Express collapsed today.

Parcel companies fail to deliver €5bn merger deal
Mon, 14 Jan, 2013 - 15:32

A proposed takeover deal between delivery firms United Parcel Service (UPS) and TNT Express collapsed today.

Atlanta-based UPS ditched its plans to pay €5.2bn for Holland-based TNT as it became clear European regulators would block the move.

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