Fedex corporation announces accelerated share repurchase program

Memphis, tenn.--(business wire)--fedex corp. (nyse: fdx) today announced that it has entered into an accelerated share repurchase agreement (“asr”) with morgan stanley & co. llc (“morgan stanley”) as part of the company's previously announced share repurchase program. under the terms of the asr, fedex has agreed to repurchase an aggregate of $1.5 billion of its common stock from morgan stanley, with an initial delivery of approximately 7.9 million shares based on current market prices. the
FDX Ratings Summary
FDX Quant Ranking