Reuters: Regulatory News: EU regulator pauses UPS-TNT merger probe

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EU regulator pauses UPS-TNT merger probe Aug 13th 2012, 17:37 BRUSSELS | Mon Aug 13, 2012 1:37pm EDT BRUSSELS Aug 13 (Reuters) - The European Commission temporarily stopped its investigation into United Parcel Service's 5.2 billion euro ($6.4 billion) bid for Dutch rival TNT Express, a Commission official said on Monday. "Once the Commission has all the necessary information, it will reset the clock," the official said. The pause could push back a Nov. 28 deadline set by the Commission to clear the deal. The EU competition regulator opened a preliminary probe into the proposed acquisition in June because it said the deal would narrow an already small international parcel delivery sector.

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