FedEx Express Photo 64496636 Fedex © Richair Dreamstime.com
© Richair Dreamstime.com.

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FedEx Corporation Announces Accelerated Share Repurchase Program

MEMPHIS, Tenn., October 4, 2022…FedEx Corp. 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 ...

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