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UPS Sues European Union Over TNT Deal

  • Bloomberg, Monday, February 26, 2018 7:45 AM

United Parcel Delivery is suing the European Union for 1.7 billion euros ($2.1 billion) in compensation for the damage it says it suffered when regulators wrongly vetoed its attempted takeover of parcel delivery rival TNT Express NV. UPS is asking the EU’s General Court to award it compensation plus interest and taxes it would pay on any windfall payment.

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