Dollars and Jens
Tuesday, December 30, 2003
FedEx to acquire Kinko's
FedEx Agrees to Acquire Kinko's for $2.4 Billion in Cash
FedEx Corp. announced Tuesday that it agreed to acquire privately held copy company Kinko's Inc. for $2.4 billion in cash.

The acquisition of Kinko's, based in Dallas, is expected to boost FedEx's ground retail access in the United States and Canada, as well as improve the delivery giant's retail presence for its express unit in key international markets.


FedEx, based in Memphis, Tenn., has been Kinko's exclusive shipping provider since 1988, and currently operates full-service counters in 134 Kinko's stores.

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