FedEx Sets $1 Billion Accelerated Stock Buyback
26 Dezembro 2023 - 11:40AM
Dow Jones News
By Colin Kellaher
FedEx has inked a $1 billion accelerated share-repurchase
agreement with Mizuho Markets Americas as part of the
package-delivery giant's stock buyback program.
The Memphis, Tenn.-based company on Tuesday said it expects an
initial delivery of about 3.2 million shares, with final settlement
by the end of February.
FedEx, which had nearly 250 million shares outstanding as of
Dec. 18, sports a market capitalization of around $62 billion based
on Friday's closing price of $248.03.
The company had about $1.6 billion available for shares
repurchases as of Nov. 30 under a $5 billion program its board
approved in December 2021.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 26, 2023 09:25 ET (14:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
FedEx (NYSE:FDX)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
FedEx (NYSE:FDX)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024
