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FedEx Discussions
fedx ground story 7-25-05
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<blockquote data-quote="moreluck" data-source="post: 91165" data-attributes="member: 1246"><p>FedEx to buy Watkins operations</p><p>Friday May 26, 1:47 pm ET</p><p>NEW YORK (Reuters) - FedEx Corp. said on Friday it agreed to acquire the less-than-truckload operations of privately-held Watkins Motor Lines and certain affiliates for $780 million in cash.</p><p>The transaction is expected to close during the first quarter of fiscal 2007 and is not expected to have a material effect on the fiscal 2007 financial results of FedEx.</p><p>As part of the deal, FedEx has also agreed to acquire the assets of Watkins' business in Canada, Watkins Canada Express.</p></blockquote><p></p>
[QUOTE="moreluck, post: 91165, member: 1246"] FedEx to buy Watkins operations Friday May 26, 1:47 pm ET NEW YORK (Reuters) - FedEx Corp. said on Friday it agreed to acquire the less-than-truckload operations of privately-held Watkins Motor Lines and certain affiliates for $780 million in cash. The transaction is expected to close during the first quarter of fiscal 2007 and is not expected to have a material effect on the fiscal 2007 financial results of FedEx. As part of the deal, FedEx has also agreed to acquire the assets of Watkins' business in Canada, Watkins Canada Express. [/QUOTE]
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