PRESS RELEASE
FedEx Corporation Announces Accelerated Share Repurchase Program
MEMPHIS, Tenn., October 4, 2022…FedEx Corp. today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Morgan Stanley & Co. LLC (“Morgan Stanley”) as part of the company’s previously announced share repurchase program. Under the terms of the ASR, FedEx has agreed to repurchase an aggregate of $1.5 billion of its common stock from Morgan Stanley, with an initial …
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