Brazil rejects UPS appeal of FedEx-TNT merger approval

Credit: Rob Finlayson
Brazilian regulatory agency Conselho Administrativo de Defesa Econômica (CADE) has rejected United Parcel Service’s (UPS) appeal of CADE’s approval of the FedEx Corp.-TNT Express merger . CADE had previously unconditionally approved Memphis-based FedEx’s acquisition of Netherlands-based TNT Express...

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