Fedex Does Not Meet Ackman Criteria, Proxy War Would Be Messy: RBC

Yesterday, FedEx Corporation (NYSE:FDX) outperformed materially yesterday (+4%+ versus SPX +0.7%) on the conjecture that the company is a potential target. Bloomberg reported that Pershing Square is in the process of raising a $1B fund and will invest another $2B of its own capital in an activist position in an undisclosed target. CNBC reported that FedEx is a . . .

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