Transportation M&A » By The Online Investor Staff, updated Fri., Apr. 16, 4:50 PM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #41. 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 global provider of supply chain solutions to various companies. Co. has two reporting segments: Transportation and Logistics. Co.'s Transportation segment facilitates the movement of raw materials, parts and finished goods. Co.'s transportation services include less-than-truckload, truck brokerage and other transportation services. Co.'s Logistics segment provides a range of services including warehousing and distribution, order fulfillment and personalization, cold-chain logistics, packaging and labeling, aftermarket support, inventory management and supply chain optimization.
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Avg. Broker Rec.
 
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Strong Buy (3.59 out of 4) 61st percentile
(ranked higher than approx. 61% of all stocks covered)
Analysts' Target Price: XPO Stock Forecast Based on Zacks ABR data; powered by Xignite |
