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Market News Video
July 10, 2013 AT 11:31 AM
One day after shares of FedEx (FDX) spiked higher on rumors that Bill Ackman was raising funds for an activist stake in the logistics company, analysts around Wall Street issued reports to the contrary. Wells Fargo noted that while it is possible that Ackman would make an activist investment in FedEx, it was not probable as separating business units to unlock value is not feasible.