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And so the UPS saga continues… According to media reports, FedEx is playing hardball (unsurprisingly). UPS needs to shed TNT Express assets, across some 16 European countries, to keep the European Commission happy about its merger plans. But FedEx wants more than it is being offered – leaving just French delivery company DPD in the frame. Will that satisfy Brussels? And, given the 5 February deadline, is there enough time? Nail-biting stuff for UPS.