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EU court strikes down 2013 decision to block UPS-TNT deal

Mar 7, 2017 - Associated Press Financial Wire

BRUSSELS (AP) - A European Union court on Tuesday struck down a 2013 decision by EU regulators to block a planned takeover of Dutch-based package delivery company TNT Express by United Parcel Services Inc.

The EU's executive Commission blocked the proposed $6.9 billion deal in January 2013, arguing that the combined company would have been too dominant in European express mail. UPS scrapped the plan but appealed against the ruling.

The 28-nation EU's General Court upheld the appeal o

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