BRUSSELS—United Parcel Service Inc. is suing the European Union’s antitrust watchdog for €1.74 billion ($2.15 billion) plus interest over its veto of UPS’s merger with Dutch parcel-delivery company TNT Express NV, a move that could prove fruitful at a time when the bloc’s top courts increasingly scrutinize the competition cop’s decisions. Indeed, an EU court last year overturned the European Commission’s rejection of the planned $7 billion acquisition of TNT in January 2013, citing procedural missteps.

Source: Wall Street Journal February 26, 2018 11:29 UTC