Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
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By Alex Lennane
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 customers.
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