CNBC mentions FedEx is a target for activist takeover
FedEx was mentioned in a CNBC news article on March 8th 2022 as an easy target for activist takeover. This opinion was made based on market cap analysis of FedEx versus UPS, its closest competitor; FedEx has a market cap on $53 billion while rival UPS has a market cap three times higher at over $175 billion. FedEx is net to report its Q3 results in less than a week.
Labor|ESG|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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