United Parcel Service (UPS) says it still anticipates closing its more than $6 billion takeover of Netherlands-based cargo carrier TNT Express in the fourth quarter despite a delay in the European Commission’s (EC’s) review process. A preliminary investigation flagged concerns about competition within EU member states’ markets for small parcel delivery services, particularly international express services. This prompted a full review, which started in July, but now the EC has “stopped ...


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