Investopedia: The EU Blows Up The UPS - TNT Deal

Apparently the European Union (EU) prefers the illusion of competition to real competition. That would be one possible conclusion from the announcement on Jan. 14, 2013, that the European Commission (EC) has rejected the many compromises offered by UPS (NYSE:UPS) in its proposed acquisition of European delivery company TNT Express and has chosen to block the deal. While this is a setback to UPS's overseas ambitions, the company can likely build over time what the EC wouldn't allow it to buy today.

Please continue here:
http://www.investopedia.com/stock-analysis/2013/The-EU-Blows-Up-The-UPS---TNT-Deal-UPS-FDX0115.aspx