3 ms·

You're missing the giant acquisition they made between the $3B & that $5B... https://about.van.fedex.com/newsroom/fedex-acquires-tnt-express/ https://about.van.

by RC_ITR 7y ago

You're missing the giant acquisition they made between the $3B & that $5B... https://about.van.fedex.com/newsroom/fedex-acquires-tnt-express/ https://about.van.fedex.com/newsroom/fedex-acquires-tnt-expr... Take that out & how does it look?

cascom 7y ago
I don’t follow - that’s not CapEx, and 4.4B EUR on ~$70b in EV does not make the acquisition giant in relative terms