Post&Parcel--UPS executives said today that they still expect the EUR 5.16bn acquisition of rivals TNT Express to go ahead early in 2013, despite receiving a Statement of Objections from the European Commission.

Atlanta-based UPS has been offering EUR 9.50 per share for its Netherlands-based rival since March, but the European Union’s executive branch launched an in-depth “phase two” investigation into the deal in July. Read more!