You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

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.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week