UPS drops TNT bid after EU balks

Posted: January 15, 2013 at 3:36 a.m.

A TNT Express NV employee operates the lift on a delivery truck in Hoofddorp, near Amsterdam, Netherlands, in this file photo. UPS has ditched its bid to take over TNT after learning European regulators would reject the deal.

United Parcel Service Inc., the world’s biggest package delivery company, scrapped its $6.9 billion bid for TNT Express NV after European regulators moved to block the deal.

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Business, Pages 21 on 01/15/2013