FedEx Corp. Announces Stock Repurchase Program
FedEx Corp. Announces Stock Repurchase Program
From BUSINESS WIRE, September 24th, 2001
MEMPHIS, Tenn., Sep 24, 2001 (BUSINESS WIRE) — FedEx Corporation (NYSE: FDX)
today announced that its Board of Directors has authorized management to
repurchase, within its discretion, up to 5 million shares of the company’s
common stock. The company said purchases may be made in the open market and in negotiated or
block transactions. FedEx currently has 298 million shares outstanding. With annual revenues of $20 billion, FedEx Corp. is the premier global
provider of transportation, e-commerce and supply chain management services.
The company offers integrated business solutions through a network of
subsidiaries operating independently, including: FedEx Express, the world’s
largest express transportation company; FedEx Ground, North America’s second
largest provider of small-package ground delivery service; FedEx Freight, a
leading provider of regional less-than-truckload freight services; FedEx
Custom Critical, the world’s largest provider of expedited time-critical
shipments; and FedEx Trade Networks, a provider of customs brokerage,
consulting, information technology and trade facilitation solutions.
CONTACT: FedEx Corp., Memphis
Media:
Shirlee Clark 901/818-7463
or
Investor:
Jim Clippard, 901/818-7468
http://www.fedex.com URL: http://www.businesswire.comBUSINESS WIRE, 24th September 2001
