After being told by European regulators that its proposed acquisition of Dutch rival TNT Express would not gain antitrust approval, UPS has withdrawn the offer. Freshfields and Allen & Overy have been advising UPS and TNT, respectively, while Baker & McKenzie and Cadwalader landed roles representing FedEx and Deutsche-Post's DHL in connection with those companies' efforts to derail the deal.
EU Regulators Prompt UPS to Drop $6.9 Billion Offer for TNT Express
The Am Law Daily
January 14, 2013
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