Brussels, 14/01/2013 (Agence Europe) - American courier company United Parcel Service (UPS) announced on 14 January that it has dropped its takeover bid for its Dutch rival TNT Express, because the European Commission told both companies that it would oppose the deal in its current format (a Commission spokesperson said the official decision would be taken on 5 February).
On 19 March 2012, UPS announced a €5.16 billion takeover bid for its rival and, on 20 July, the Commission launched a...