FedEx INVADES Brazil and 4 Stocks in Post-Holiday ACTION
FedEx (NYSE:FDX) sewed up its acquisition of Brazilian transportation and logistic major, Rapidao Cometa, allowing Fedex to address the huge opportunity represented by the growing middle class population in Brazil.
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Investors hoping for a merger between US Airways (NYSE:LCC) and bankrupt American Airlines (AAMRQ.PK) may have to wait a few more months with US Air saying there’s no real rush as American is now formulating a stand-alone plan to emerge from bankruptcy; CEO Doug Parker says US Air will “respect” American’s bankruptcy process.
Virgin Australia has ordered 23 Boeing (NYSE:BA) 737 MAX 8 planes for an order value of $2.19 billion at list prices; Virgin may be paying less though because it might have secured volume discounts on the fuel-efficient and lower CO2 emitting aircraft.
U.S. buyout fund Carlyle Group (NYSE:CG) announced its acquisition of a 49 percent stake and effective control of China’s Mandarin Hotel Holdings Ltd for an undisclosed sum, looking to exploit the growth potential for the nation’s mid-tier hotel sector.
Avnet (NYSE:AVT) is on course to acquire Internix, a company listed in Tokyo; established in 1970 by founder the late Yoshiharu Fujisawa, Internix is an electronics components distributor representing both Japanese and foreign suppliers and serving mostly Japanese original equipment manufacturers.