FMX stock's performance is affected by macroeconomic challenges and rising competition, but the FEMSA Forward Strategy positions the company for long-term growth.
We recently compiled a list of the 7 Best Beaten Down Stocks to Invest In. In this article, we are going to take a look at where Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) stands against the other beaten down stocks. The equity market is on the cusp of a significant boost as the U.S. Federal […]
MONTERREY, Mexico, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has entered into definitive agreements with Delek US Holdings, Inc. (“Delek”) (NYSE: DK), to acquire Delek’s retail operations, consisting of 249 convenience stores located mainly in Texas, for a total amount of US$385 million dollars on a cash-free, debt-free basis, including the purchase of inventories. Delek’s Re