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RPT-Hedge funds nurse heavy losses after UPS-TNT deal collapses
Reuters: Company News
Posted on January 15, 2013 at 03:58 AM EST
LONDON, Jan 14 (Reuters) - United Parcel Service's decision to abandon its 5.2 billion euro ($6.9 billion) bid for TNT Express has left hedge funds nursing potential losses of more than $700 million, as the Dutch delivery firm's shares slid.
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United Parcel Service Inc. Cl B
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