Fedex initiates $1.0 billion accelerated share repurchase agreement as part of its commitment to enhance capital returns to stockholders

Memphis, tenn.--(business wire)--as part of its commitment to enhance capital returns to stockholders, fedex corp. (nyse: fdx) today announced that it has entered into an accelerated share repurchase ("asr") agreement with mizuho markets americas llc (“mizuho”) to repurchase $1.0 billion of fedex's common stock as part of the company's previously announced share repurchase program. under the terms of the asr agreement, fedex will pay $1.0 billion to mizuho and receive an initial share delivery.
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