UPS gets more time for TNT deal

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ed 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.