Transportation M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:04 PM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #2. FedEx Corp. — Supaswift Businesses in Southern Africa
Acquirer:
FedEx Corp. (NYSE:FDX)
Acquiree:
Supaswift Businesses in Southern Africa
Details:
FedEx Corp. (NYSE:FDX) announced today that its FedEx Express subsidiary has completed the acquisition of Supaswift businesses in South Africa and six other countries, which are Botswana, Malawi, Mozambique, Namibia, Swaziland and Zambia. The acquisition process began in June 2013.
FedEx is a holding company. Through its subsidiaries, Co. provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. These companies are included in the following business segments: Federal Express Corporation, including TNT Express B.V., 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 sales and customer service to its transportation segments.
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Avg. Broker Rec.
 
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Buy (3.39 out of 4) 51st percentile
(ranked higher than approx. 51% of all stocks covered)
Analysts' Target Price: FDX Stock Forecast Based on Zacks ABR data; powered by Xignite |
