FedEx to Repurchase Up to 5 Million More Shares
- Share via
From Bloomberg News
FedEx Corp., the world’s largest overnight delivery company, said Monday that its board approved plans to repurchase as many as 5 million common shares in addition to the 3.1 million previously authorized.
FedEx Chairman Frederick Smith said the buyback demonstrated the Memphis-based company’s confidence in its long-term growth. FedEx shares gained 56 cents to $64.30 in NYSE trading.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
