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DHL’s Acquisition of Airborne’s Ground Operations Completed

August 18, 2003

Deutsche Post’s DHL Worldwide Express unit said on August 15 that it had completed its acquisition of Airborne Inc.’s ground operations for approximately $1.05 billion in cashWith the acquisition now complete, DHL said in a release it would integrate Airborne with its existing businesses in the United States, which would result in a reduced headcount in both companies.
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