2005 Market outlook year in review -- Cheers to 2004

Later in the year, FedEx purchased Quad/Graphics' Parcel Direct division for $120 million.

Not to be outdone, Kohlberg Kravis Roberts & Co. (KKR) and DLJ Merchant Banking Partners (DLJMBP), an affiliate of Credit Suisse First Boston's Alternative Capital Division, announced a series of transactions with an aggregate value of approximately $2.2 billion.