FedEx to buy back $1.5B in shares from Goldman Sachs

FedEx to buy back $1.5B in shares from Goldman Sachs
# 20 December 2021 18:37 (UTC +04:00)

FedEx Corp. announced on Monday it has entered an accelerated share buy-back agreement with Goldman Sachs & Co. LLC, a subsidiary of Goldman Sachs Group Inc., worth $1.5 billion in shares, APA reports citing Teletrader.

Based on the current market prices, the deal will include approximately 4.8 million shares, the transportation company said in an announcement.

The purchases will be finalized before the end of FedEx's fiscal year, which is May 31, 2022, the announcement read.

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THE OPERATION IS BEING PERFORMED