So Fedex buys the company, the name and the stores, and then has to pay an $891 Million, "one-time, non-cash impairment charge associated with the decision about the use of the Kinko’s trade name and goodwill resulting from the Kinko’s acquisition"????
Can you say accounting slight-of-hand to hide profits?
That, or it must have been a very strange buyout agreement that required the continued use of the Kinko's name. But why would Fedex agree to a clause like that in the buyout agreement?
Last edited by hyperone; 06-02-2008 at 02:08 PM.