News / FedEx: its lean and mean balance sheet may make it a target for activist investors

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“A week went by and nothing. But eventually, as they always will, the rumours reached me. And everyone knows you can’t disprove a rumour” –  Jay Asher

A US-based banker with close ties with FedEx this week told me it was just a matter of time before the press would be “all over” its client.

“Why?” I asked.

The possibility of a break-up of the express operator, he hinted.

FedEx is a mean, lean, fighting machine, and that showed all the way through its ...