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UPS to drop TNT Express bid after European Commission veto
United Parcel Service Inc said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto, a sharp blow that halved the value of TNT's shares.
Read Full Article: http://www.ajot.com/news/ups-to-drop-tnt-express-bid-after-european-commission-veto
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