PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
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“FedEx is focused on improving its global portfolio through smart and strategic investments in key markets that demonstrate strong growth potential,” says Michael L. Ducker, president, international, FedEx Express. “Our expansions in Guadalajara and San Luis Potosi are designed to meet the demand for domestic service in Mexico and the increasing opportunity for international trade that the country must leverage to grow. Ultimately, our investments reflect the company’s confidence in-and commitment to-facilitating Mexico’s growth and role in global commerce.”