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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| FedEx Corp | NYSE:FDX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.38 | -0.53% | 260.65 | 265.57 | 259.845 | 263.50 | 1,085,245 | 01:00:00 |
From Nov 2023 to May 2024
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.
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