UPS Appeals EU’s Rejection of $6.7 Billion TNT Express Bid

United Parcel Service Inc. appealed the European Union’s decision to block its 5.16 billion-euro ($6.7 billion) bid for TNT Express NV to clarify the regulator’s legal arguments, not to renew its interest in the Dutch rival.

“The reason to appeal would be to ensure a more accurate assessment of the EU competitive landscape and that there’s no precedent that could limit international growth opportunity,” Peggy Gardner, a spokeswoman for Atlanta-based UPS, said by telephone yesterday.