UPS appeals block of TNT buy, seeks to invalidate precedent

Credit: Courtesy, UPS
United Parcel Service (UPS) has appealed the European Commission’s rejection of its €5.16 billion ($6.7 billion) bid to acquire TNT Express. The appeal filed with the European Union General Court in Luxembourg is not aimed at reviving the UPS-TNT merger, at least in the near term. Instead, UPS is...

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