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Parcel probe resumed

[ August 30, 2012   //   ]

The European Commission has resumed its examination of UPS’s proposed acquisition of TNT Express and has set a new deadline, of 20 December. UPS had already extended its public offer for the Dutch-based company from 31 August to 9 November. However, the two companies said they still hoped to complete the deal by the fourth quarter of 2012. 

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