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UPS says its proposed acquisition of TNT would have helped consumersand that the company remains "bullish on Europe," which accounts for half of UPS' international revenue.
February 26, 2018 at 02:41 PM
1 minute read
U.S. delivery giant UPS is suing the European Union’s antitrust regulator for blocking a merger with Dutch firm TNT Express, which later was snapped up by UPS rival FedEx Corp.
United Parcel Service Inc. is seeking 1.742 billion euros ($2.14 billion) in compensation.
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