FedEx Purchase of Gemini
#1
FedEx Purchase of Gemini
I've been hearing a lot of stirring recently about FedEx acquiring Gemini Air Cargo. Gemini was held by the Carlyle Group but now shows on their web-site (Carlyle's) as realized and sold; however, doesn't mention to whom. Is it just the guys I'm flying with or has anybody else heard the same; and can someone with more business knowledge than me tell me what the SEC filing requirements would be if FedEx bought Gemini, a privately held company?
#3
That's actually the reasoning that makes me think FedEx buying Gemini is reasonable; similar fleet types, and the MD-11's that no one can seem to get their hands on now (thanks Boeing). Gemini acquisition would be an instant 10% increase in ton-mile capacity to Purple's MD-11/10 fleet. But anyhow, has anybody heard anything more than just the rumor mill?
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