United Parcel Service 747-400. Courtesy, UPS United Parcel Service (UPS) said its proposed €5.16 billion ($6.3 billion) acquisition of TNT Express will undergo a Phase II review by the European Commission (EC), a process that will push back the closing of the deal to the 2012 fourth quarter. Atlanta-based UPS is making a significant move into the European market with its planned buy of Amsterdam-based TNT (ATW Daily News, May 14). The Phase II review, a more in depth ...

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