FedEx start stock repurchase plan

Recently, FedEx announced that the company share repurchase plan, or buy back 10% shares, to buy 32000000 copies of the 317000000 shares in circulation. Previously, the company just buy back 7400000 shares in circulation.
FedEx Express, the company will according to their own judgment is not regularly carry out stock repurchase activities, transactions privately negotiated, and repurchase plan no time limit. At present, the stock repurchase will cost the company $3900000000.
FedEx Frederick president and CEO W. Smith said, stock repurchase plan reiterated their firm confidence in the development of strategic and long-term growth potential, proving once again that the company create value for shareholders commitment.
MYEX Minya Express International
2013-11-07