Airlines M&A » By The Online Investor Staff, updated Thu., Apr. 25, 8:49 AM
Recent mergers and acquisitions in the Airlines M&A category.
| This Slide: #10 of 28 |
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 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.
XPO SEC Filing Email Alerts Service
Open the XPO Page at The Online Investor »
|
||||||||||||||||||||||||
Open the XPO Page at The Online Investor (in a new window) »
 Free XPO Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Buy (3.46 out of 4) 54th percentile
(ranked higher than approx. 54% of all stocks covered)
Analysts' Target Price: XPO Stock Forecast Based on Zacks ABR data; powered by Xignite |
