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The Boston Globe


UPS drops bid for Dutch company

LONDON — United Parcel Service said Monday that it would withdraw its $6.9 billion takeover bid for TNT Express, a Dutch shipping company, after European anti­trust authorities told UPS that they would block the deal.

The announcement is a blow to UPS’s expansion outside of the United States, as the deal for TNT Express would have given the US company a larger presence in Europe and emerging markets.

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