Airlines M&A » By The Online Investor Staff, updated Mon., Jul. 4, 11:24 AM
Recent mergers and acquisitions in the Airlines M&A category.
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Slide #21. FedEx Corp. — Supaswift (Pty) Ltd.
Acquirer:
FedEx Corp. (NYSE:FDX)
Acquiree:
Supaswift (Pty) Ltd.
Details:
FedEx Corp. (NYSE:FDX) announced today that it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current service provider Supaswift (Pty) Ltd. in five countries in Southern Africa, including South Africa, Malawi, Mozambique, Swaziland and Zambia, and is also in discussions to acquire Supaswift's businesses in Botswana and Namibia. These acquisitions will operate under the FedEx Express business unit and the transaction is subject to necessary regulatory approvals and customary closing conditions.
FedEx is a holding company. Through its subsidiaries, Co. provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating collaboratively and digitally, under the FedEx brand. These companies are included in the following business segments: Federal Express Corporation, which is an express transportation company; FedEx Ground Package System, Inc., which provides small-package ground delivery services; FedEx Freight Corporation, which provides less-than-truckload freight services; and FedEx Corporate Services, Inc., which provides billing and collection services, and certain back-office functions that support its operating segments.
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Avg. Broker Rec.
 
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Buy (3.25 out of 4) 31st percentile
(ranked lower than approx. 69% of all stocks covered)
Analysts' Target Price: FDX Stock Forecast Based on Zacks ABR data; powered by Xignite |
