FedEx Corp
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Industrials : Air Freight & Logistics | Large Cap Value
Company profile

FedEx Corporation provides a portfolio of transportation, e-commerce and business services through companies competing collectively and operating independently, under the FedEx brand. The Company's segments include FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of United States domestic and international shipping services for delivery of packages and freight. The FedEx Ground segment provides small-package ground delivery services, which includes day-certain service to any business address in the United States and Canada, as well as residential delivery services through its FedEx Home Delivery service. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support the Company's operating segments.

Premarket

Last Trade
Delayed
$213.76
-0.91 (-0.42%)
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Closing Price
$214.67
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
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10-day average volume:
2,167,992
1

Ancora Issues Statement of Support Regarding Hasbro's Decision to Pursue a Sale of eOne TV and Film

11:12 am ET November 17, 2022 (BusinessWire) Print

Ancora Holdings Group, LLC (together with its affiliates, "Ancora" or we") today issued the below statement regarding Hasbro, Inc.'s (NASDAQ: HAS) ("Hasbro" or the "Company") announcement that it has initiated a sale process for its eOne TV and film business.

Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President of Ancora Alternatives LLC, commented:

"As outlined in our May letter to Hasbro's Board of Directors, divesting of eOne can improve the Company's long-term positioning by enabling it to deleverage, reduce operational complexity and reinvest in core segments and high-quality brands with strong growth trajectories. We are encouraged by Hasbro's decision to initiate a sale process that will be led by Chief Executive Officer Chris Cocks and supported by independent financial advisors. Our prior interaction with Mr. Cocks and other recent developments suggest to us that Hasbro is beginning to adopt investor feedback and pursue important strategic enhancements that can benefit shareholders, customers, employees and other partners over the long run."

About Ancora

Founded in 2003, Ancora Holdings Group, LLC offers integrated investment advisory, wealth management and retirement plan services to individuals and institutions across the United States. The firm's comprehensive service offering is complemented by a dedicated team that has the breadth of expertise and operational structure of a global institution, with the responsiveness and flexibility of a boutique firm. For more information about Ancora, please visit https://ancora.net.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005880/en/

SOURCE: Ancora Holdings Group, LLC

Ancora Holdings Group, LLC
Rachel Jerpbak
rjerpbak@ancora.net
comtex tracking

COMTEX_419108158/1006/2022-11-17T11:12:00

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