UPS US$6.9 billion TNT Express takeover attempt does not succeed

Though TNT will receive a 200-million-euro (US$265.5 million) break fee, it faces an uncertain future on its own and nearly 2 billion euros have been wiped off its share price in Monday trading in Amsterdam. At one point, its shares plunged by 50 percent before recovering somewhat to be trading 42-percent lower at 4.762 euros.

UPS had offered to buy struggling TNT, Europe's second-largest delivery company, in March, to better compete with Europe's largest, Deutsche Post's DHL. But regulators said in October that the deal would lead to over-concentration in the sector.

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