FedEx close to Kinko deal

James Hudson, vice-president of FedEx, said he sees only plain sailing in the US transport giant’s USD 2.4 billion (GBP 1.3 billion) takeover of the copy centre chain Kinko’s. He indicated that the deal could be completed before March 1. FedEx announced the all-cash agreement to buy Kinko’s and its 1,200 stores in December.

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