Seeking Alpha

Muted reaction to FedEx's accelerated buyback plan

  • FedEx (FDX -1%) will issue new bonds as early as today with maturities of 10, 20, and 30 years.
  • The company will be put the funds to quick use as it accelerates a portion of its previously-announced buyback plan.
  • Analyst take: Cowen's Helane Becker says market reaction to the development is muted with the scope of the buyback already known.
Comments (2)
  • buildcastles
    , contributor
    Comments (9) | Send Message
    Trade one debt for another...oh, well a promise is a promise.
    6 Jan, 07:00 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1552) | Send Message
    Increasing # of companies issuing debt to buy back shares - are we near a market top?
    6 Jan, 09:50 PM Reply Like
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