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Has French firm found the Philosopher’s Stone?
DC Velocity has written an interesting analysis of the case of Fedex, the soaring share price, and the activist investor who wants to buy a $1bn stake in “a large-capitalisation US company”. The activist, William Ackman, is involved in transport companies, and from the description he gave in a letter to Reuters, much of the market believes he’s talking about Fedex. But are they right?
Meanwhile, Fedex has also settled a lawsuit which claimed that the express operator was “systematically” overcharging ...
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