United Parcel Service (UPS) and TNT Express said Friday they have received a statement of objections (SO) from the European Commission (EC) related to the “competitive effects” of the companies’ pending merger. UPS reached an agreement earlier this year to acquire TNT for €5.16 billion ($6.76 billion), but the EC postponed a decision to approve the deal over antitrust concerns (ATW Daily News, Oct. 11). The SO is a “normal step” in the merger process, ...

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