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FedEx Announces New Buyback of 25 Million Shares

2016-01-28 06:34:39| Air Courier - Topix.net

FedEx Corp.'s board authorized a new program to buy back up to 25 million shares of common stock, the package shipping company said Jan. 26. The authorization follows the repurchase of 57.2 million shares for nearly $8 billion, for an average price of about $139 a share, since June 1, 2013. The latest move comes at a time when FedEx shares are trading well below historic highs of last year and as the Memphis, Tennessee-based company gears up to complete its purchase of TNT Express.

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