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Provider: New Constructs, LLC
Provider: Thomson Reuters Stock Report
Provider: MacroRisk Analytics/EconomicInvestor

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XPO Logistics Inc Acquires 3pd Inc

Monday, 15 Jul 2013 07:00am EDT 

XPO Logistics Inc announced that it has entered into a definitive agreement to acquire all of the common stock of 3PD Inc in a transaction valued at approximately $365 million. The acquisition is expected to be immediately and significantly accretive to earnings. The transaction reflects an aggregate consideration of approximately $357 million of cash and $8 million of XPO restricted stock, and is expected to close in the third quarter of 2013. 

Company Quote

0.21 +0.50%
26 Dec 2014