FedEx Calls Kinko's An Ideal Fit

MEMPHIS, TN—Kinko's has long since shed its image as a copy center, as its recent acquisition by delivery stalwart FedEx completes its migration into a full business services provider.

The $2.4 billion cash deal, reached as 2003 came to an end, is yet another example of the synergy craze as businesses continue to look for fiscal companionship in the face of continuing U.S. economic uncertainty despite signs of growth.