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FedEx Corp (NYSE: FDX) has entered an accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. LLC as part of its previously announced share repurchase programs. As per the terms of ASR, FedEx has agreed to repurchase an aggregate of $1.5 billion of its common stock with an initial delivery of ~4.8 million shares based on current market prices.
...read full article on Benzinga
