United Parcel Service is appealing the European Union’s decision to block its planned 5.2 billion euro ($6.8 billion) takeover of TNT Express.
UPS pulled its bid for the Dutch express delivery firm in January after the European Commission, the EU’s executive, said a merged company would have too much power in the European market.
The U.S. company said it is challenging the EU’s decision because it believes it was “factually and legally erroneous.”
UPS said it wanted “to ensure a more accurate assessment of the EU competitive landscape and that no precedent is established by the European Commission that would limit international growth opportunities.”
TNT Express said the appeal does not imply the companies would reconsider or renew a merger offer.