FedEx stock rises as investors digest $9.2 billion InPost buyout plan
FedEx shares rose 0.8% Wednesday after the company disclosed a $2.6 billion stake in a consortium bid to acquire European parcel locker operator InPost. FedEx would hold 37% of the group if the deal closes, funding its share with cash or new financing. The offer requires at least 80% shareholder acceptance and regulatory approval. Investors await more details in FedEx’s March earnings update.
