UPS gets more time for TNT deal

United Parcel Services has won an extension from the Dutch authorities for its planed takeover of TNT Express. UPS had aimed to close the deal by 9 November, when its offer period expired, but yesterday said it has been granted more time and hopes to sew up the takeover before the end of February 2013. The €5.2bn deal to create a US-European delivery giant was first annouced in March.