UPFRONT

FedEx Completes Kinko's Deal

NEW YORK—Equity investment firm Clayton, Dubilier & Rice (CD&R) announced it has completed the sale of Kinko's Inc. to FedEx Corp. for $2.4 billion in cash. Funds managed by CD&R owned approximately 75 percent of Kinko's outstanding shares as a result of several staged investments. Kinko's generates about $2 billion in annual revenues from its 1,200 worldwide locations.