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UPS and TNT announced the deal on March 19 and it still needs approval by the European Regulatory Commission. UPS expects it to close in the third quarter. The company also said it would pay a quarterly dividend of 57 cents per share on May 30 to shareholders of record May 14. The dividend is a 10 percent increase from its previous payout, the company said. UPS shares fell 35 cents to close at $78.07.
[Associated
Press;
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