Updated at: 01/14/2013 1:07 PM TNT FIZZLES: United Parcel Service Inc. has ditched its (EURO)5.2 billion ($6.9 billion) takeover of struggling Dutch package delivery company TNT Express NV, citing objections from European regulators. COMPETITION QUESTIONED: UPS offered in March to buy TNT, Europe’s second-largest delivery company, to better compete with Europe’s largest, Deutsche Post’s DHL. Regulators said in October that the deal would hurt competition in the sector. FUZZY FUTURE: Though TNT will receive a (EURO)200 million ($265.5 million) break fee, it faces an uncertain future. TNT lost (EURO)3 million In the third quarter of 2012, .
By The Associated Press
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