FedEx acquires Kinkos' for $2.4 bilion in cash.

Ending years of speculation on Kinkos' future, Clayton, Dubilier, & Rice (CD&R) reached an agreement on December 30, 2003 with FedEx Corporation (NYSE:FDX) to sell Kinko's for $2.4 billion, payable in cash.

(PRWEB) January 29, 2004 --Research and Markets announces the addition of this new report entitled "FedEx Announces Acquisition of Kinkos" to its offerings.

Ending years of speculation on Kinkos' future, Clayton, Dubilier, & Rice (CD&R) reached an agreement on December 30, 2003 with FedEx Corporation (NYSE:FDX) to sell Kinko's for $2.4 billion, payable in cash. CD&R is a global private equity investment firm that owns approximately 75% of Kinkos' outstanding shares. FedEx will also acquire the remaining 25% of Kinkos shares presently owned by JP Morgan Partners and current and former Kinkos employees and officers. This report provides a review and commentary on the acquisition.

For a complete index of this report click on http://www.researchandmarkets.com/reports/42865

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