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United Parcel Service launches its 5.16 billion euro ($6.6 billion) cash bid for Dutch rival TNT Express Friday in a major expansion of its presence in Europe's package delivery market. 

Source URL: http://www.joc.com/air-cargo/express-cargo/ups-kick-start-66-billion-tnt-express-takeover-offer_20120621.html?qt-webcasts_podcasts_whitepapers=2