Muted reaction to FedEx's accelerated buyback plan

|About: FedEx Corporation (FDX)|By:, SA News Editor

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.