CMA CGM buys large chunk of FedEx Logistics to shore up Ceva
Deal time
Don’t forget that fiscal 2020 was always meant to be one of the most difficult years ever in FedEx’s (FDX) history – just over $3bn of adjusted ebit versus typically more than $5bn, is one of the first disturbing findings in its 8-K annuals released yesterday after the US markets closed.
While corporate and strategic options are sought, solutions aren’t in short supply, as I previously argued, on the road to a break-up.
Dismal, but…
Based on its unaudited numbers, earnings per share (EPS) ...
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