United States

FedEx Corp (FDX)

FDX on New York Consolidated

21 Oct 2016
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$0.50 (+0.29%)
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Latest Key Developments (Source: Significant Developments)

FedEx holds 98.45% of all tnt express shares
Thursday, 2 Jun 2016 01:30am EDT 

FedEx Corp and TNT Express : FedEx holds 98.45 pct of all TNT Express shares . Statutory buy-out expected to commence during Q3 2016 . Following statutory buy-out proceedings, FedEx will own 100 pct of TNT Express .Delisting TNT Express to occur as soon as possible.  Full Article

Fedex acquires TNT Express
Wednesday, 25 May 2016 04:15am EDT 

Fedex Corp : Fedex has settled tnt express shares tendered in acceptance period . Remaining shares can still be tendered in post-closing acceptance period .Fedex acquires tnt express.  Full Article

Fedex declares offer for TNT Express unconditional
Wednesday, 18 May 2016 01:30am EDT 

Fedex Corp : Fedex declares offer for TNT Express unconditional . Settlement will take place on 25 may 2016 . 88.4% of all shares committed . All offer conditions have been satisfied or waived .Remaining tnt express shares can be tendered during post-closing acceptance period, commencing on 19 may 2016 and ending on 1 june 2016.  Full Article

FedEx Corp Tightens FY 2016 EPS guidance; comments on FY 2016 earnings guidance
Wednesday, 16 Mar 2016 04:15pm EDT 

FedEx Corp:Tightening its adjusted earnings forecast to $10.70 to $10.90 per diluted share for FY 2016 before year-end mark-to-market pension accounting adjustments, compared to the previous forecast of $10.40 to $10.90 per diluted share.Expect FY 2016 adjusted earnings to be up 20% to 22% over last year.Says positive financial momentum should continue into our upcoming FY 2017, where co expect solid growth in earnings and cash flow.  Full Article

FedEx Corp sets quarterly cash dividend of $0.25/shr
Friday, 19 Feb 2016 09:00am EST 

FedEx Corp:Declared a quarterly cash dividend of $0.25 per share on FedEx Corporation common stock.Payable April 1, to stockholders of record at the close of business on March 14.  Full Article

TNT Express comments on FedEx acquisition
Tuesday, 16 Feb 2016 01:00am EST 

TNT Express NV:Not to pay a dividend for 2015, considering FedEx's offer to acquire TNT.Says closing of the FedEx offer to acquire TNT is anticipated in the first half of calendar year 2016.Says "good progress has also been made towards closing of the FedEx offer to acquire TNT".  Full Article

FedEx Corp intended acquisition of TNT Express approved by Brazilian reg. authority​
Tuesday, 2 Feb 2016 01:00am EST 

TNT Express NV:Brazil's Conselho Administrativo De Defesa Econômica unconditionally approves Fedex intended acquisition of TNT Express.  Full Article

FedEx Corp - U.S. judge dismisses FedEx billing fraud, racketeering lawsuit - Reuters
Wednesday, 27 Jan 2016 02:33pm EST 

FedEx Corp:A U.S. judge on Wednesday dismissed a U.S. racketeering lawsuit claiming FedEx Corp FDX.N overcharged customers by inflating package weights, and wrongly collecting customs duties on products sent to Canada from shippers instead of recipients - RTRS.U.S. District Judge Katherine Forrest in Manhattan said the FedEx Ground unit that imposed the charges was not "sufficiently distinct" from its parent and another unit to justify holding all three liable for violating the federal anti-racketeering law known as RICO. - RTRS.NYBikerGear, a Putnam Valley, New York-based online seller of motorcycle apparel and accessories, claimed it was overcharged more than 150 times through by inflating package weights, and a similar number through improper customs charges, according to court papers - RTRS.In a 21-page decision, Forrest said the fact that FedEx Ground was incorporated separately and based in a Pittsburgh suburb - RTRS.while FedEx and its FedEx Corporate Services unit were based in Memphis, Tennessee, did not matter in the racketeering context, or affect NYBikerGear's dealings with the company. - RTRS.The plaintiff, which is also known as U1it4less Inc, had sought triple damages for customers since 2007 over the alleged inflated weights, and since 2008 over the customs charges. It sued in March 2011. Another judge had dismissed other claims - RTRS.  Full Article

FedEx Corp announces 25 million share repurchase program
Tuesday, 26 Jan 2016 05:10pm EST 

FedEx Corp:Board of Directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp common stock.  Full Article

FedEx Corp reaffirms FY 2016 EPS guidance
Wednesday, 16 Dec 2015 04:15pm EST 

FedEx Corp:Reaffirms adjusted FY 2016 earnings outlook of $10.40 to $10.90 per diluted share before year-end mark-to-market pension accounting adjustments.FY 2016 EPS of $10.55 - Thomson Reuters I/B/E/S.  Full Article


ZTO spurns huge China valuations for benefits of U.S. listing

HONG KONG Chinese logistics company ZTO Express is turning up the chance of a much more lucrative share listing at home in favor of an overseas IPO that lets its founder retain control and its investors cash out more easily.