FedEx Corporation (NYSE:FDX) announces a share repurchase program. Under the program, the company will repurchase up to 25,000,000 shares, representing 9.19% of its outstanding common stock. Purchases may be made from time to time in the open market or in privately negotiated transactions.

Repurchases will be made from time to time at the company's discretion, based on ongoing assessments of the capital needs of the business, the market price of its common stock and general market conditions. The program may be suspended or discontinued at any time and no time limit was set for the completion of the repurchase program. As of January 25, 2016, the company had 272,000,000 shares outstanding.