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Monday, January 14, 2013

Deals of the day -- mergers and acquisitions, (NYSE: UPS)

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:** United Parcel Service Inc, the world's No. 1 package delivery company, said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto, a sharp blow that halved the value of TNT's shares within minutes.

United Parcel Service, Inc. (UPS) is a package delivery company that operates in the United States less-than-truckload industry, and the provider of global supply chain management solutions. Shares of UPS remained unchanged at $77.92. In the past year, the shares have traded as low as $69.56 and as high as $81.79. On average, 3525420 shares of UPS exchange hands on a given day and today's volume is recorded at 2500.