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CrystalGems (99.88)

The Exploding Mess at TNT Express



March 01, 2013 – Comments (0) | RELATED TICKERS: TNTEY , DPSGY

It has been the exact opposite of a dynamite year for TNT Express (NASDAQOTH: TNTEY).

Shares of Europe’s second-largest (and the world’s fourth-largest) package delivery company fell 50% the day UPS (NYSE: UPS) announced that it would withdraw its $7 billion bid to purchase the company. European Union antitrust regulators indicated to UPS management that they would veto the proposed acquisition (which they officially did a few days later).

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