MultiPack

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FedEx unit to buy Mexican counterpart

FedEx Corp.  on Thursday signed an agreement to acquire Mexican express-package-delivery company MultiPack, allowing the FedEx Express business unit to enhance its capabilities in the Mexican domestic-delivery market.

FedEx did not provide further details on the deal, but expects to close the acquisition during the second quarter of 2011, subject to regulatory approvals and customary conditions. Get the full story »