Airlines M&A » By The Online Investor Staff, updated Mon., Jul. 4, 10:34 AM
Recent mergers and acquisitions in the Airlines M&A category.
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Slide #18. XPO Logistics, Inc. — 3PD
Acquirer:
XPO Logistics, Inc. (NYSE:XPO)
Acquiree:
3PD
Details:
XPO Logistics, Inc. (NYSE:XPO) ("XPO" or the "company") today announced that it has completed its previously announced acquisition of 3PD Holding, Inc. ("3PD") in a transaction valued at approximately $365 million. The acquisition is expected to be significantly accretive to earnings. The company financed the acquisition and related fees and expenses with the net proceeds of its recent $220.5 million public offering of common stock, together with cash on hand.
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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Avg. Broker Rec.
 
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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 Based on Zacks ABR data; powered by Xignite |
