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Airlines M&A image Airlines M&A » By The Online Investor Staff, updated Mon., Jul. 4, 11:44 AM Recent mergers and acquisitions in the Airlines M&A category.

Slide #10. XPO Logistics NLM

Acquirer: XPO Logistics (NYSE:XPO)
Acquiree: NLM
Details: XPO Logistics, Inc. (NYSE:XPO) ("XPO" or the "company") today announced that it has completed its previously announced acquisition of NLM from Landstar System, Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing. A second technology product, A3i, was included in the transaction.

XPO Logistics is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.

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Company Name: 
XPO Logistics, Inc.
Stock buyback: 
XPO buyback
Website: 
www.xpo.com
Sector: 
Airlines
Number of ETFs Holding XPO: 
60
Total Market Value Held by ETFs: 
$763.46M
Total Market Capitalization: 
$5.54B
% of Market Cap. Held by ETFs: 
13.78%
 

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Strong Buy (3.67 out of 4)
55th percentile
(ranked higher than approx. 55% of all stocks covered)

Analysts' Target Price:
XPO Stock Forecast

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