FT : UPS abandons €5.2bn TNT Express takeover

UPS abandons €5.2bn TNT Express takeover

By Alex Barker in Brussels, Matt Steinglass in Amsterdam and Anousha Sakoui in London

UPS has abandoned its €5.2bn bid for Dutch delivery group TNT Express in the face of stiff opposition from Europe's antitrust chief, who is preparing to block the second big tie-up involving a US company in just a year.
http://www.ft.com/cms/s/0/42991410-5e1d-11e2-8780-00144feab49a.html#axzz2I3rW4mlj