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    TNT's weak profits make higher UPS bid less likely

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    euronews (in English)

    by euronews (in English)

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    TNT Express has posted weaker-than-expected results, which will not help it get a higher price from takeover bidder United Parcel Service.

    The Dutch freight and delivery group's quarterly operating loss was 104 million euros, from a 24 million profit in the same period a year earlier.

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    http://www.euronews.net/