FedEx Freight Shares Fall After Market Debut as CEO Says Spinoff Can Leapfrog Rivals
businessstocksmergers-acquisitions 3 posts · 2 accounts
FedEx Freight shares fell after the company’s market debut, offering an initial read on investor appetite for the newly spun-off freight business.
The company’s CEO said the spinoff will help FedEx Freight “leapfrog” competitors. The start of trading is an early test of that argument as the company begins life as a standalone public company.
From the sources (3 posts)
@reutersFedEx Freight's shares fall after market debut
@reutersFedEx Freight's shares fall after market debut
@cnbcFedEx Freight CEO says the spinoff will help the company 'leapfrog' competitors