Loeb's Third Point Buys Into FedEx, Backs Management

Law360, New York (November 12, 2013, 4:24 PM EST) -- Activist investor Daniel Loeb revealed Tuesday that his hedge fund Third Point LLC had invested in FedEx Corp., saying he'd met with the cargo carrier's top executive last week and was on board with the company's management team for now.

The billionaire, speaking at a New York Times conference, did not say how big a stake he took through the buy-in or sketch out his specific plans for the holding. Loeb said he and CEO Fred Smith disagreed on some points, but did not elaborate....
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