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I'm actually sorry that tis deal did not go through. TNT presence was not just in Europe and I think the deal would have benefitted our largest customers greatly. I think what we saw from the European commission was a superiority attitude, a protectionist philosophy, and a deep distrust of American Business. Of course UPS management should have seen this coming. The $200M termination fees is probably small compared to the investment in time and effort we already made.

Go UPS!
P71
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