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© Liumangtiger

It’s legitimate to wonder whether FedEx is on the road to a break-up, whatever the scale of change to its corporate tree might be.

Not only is there a repeat of market speculation that an activist investor – Bill Ackman in particular (look at these examples in 2013 vs 2019 and spot the difference) – could be interested in a large stake. But with each passing year, FedEx founder Fred Smith seems to have run out of ammunition when it comes to ...

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