The General Court of the European Union has annulled a European Commission ruling, which blocked a 2012 merger between express delivery companies United Parcel Service (UPS) and TNT. In 2012, UPS notified the Commission of its plans to acquire TNT, but the deal was denied Jan. 30, 2013 on competition grounds. UPS appealed the decision and, in its March 7 ruling, the General Court said: “By today’s judgment, the General Court upholds the action and annuls the Commission’s ...

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