European regulators object to UPS takeover of TNT

AMSTERDAM (AP) — The European Union’s executive, the Commission, has objected to United Parcel Service’s proposed $6.75 billion takeover of TNT Express NV, the companies say. They say the watchdog argues that the deal as it stands would have a negative effect on the market for express delivery of small packages in Europe.

Read more: The Associated Press: European regulators object to UPS takeover of TNT.