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 . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers