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Wednesday, Feb 8, 2023

UPS to Acquire Lynx Express

United Parcel Service Inc. on Monday said it had agreed to buy independent parcel carrier Lynx Express Ltd. for $96.5 million in cash, expanding its presence in Britain.


UPS, which posted a 21 percent rise in quarterly profit last week on a strong performance from its international business, said it expected to complete the transaction in the second half of 2005.


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