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XPO Logistics Inc Agrees to acquire NLM from Landstar System Inc

Wednesday, 11 Dec 2013 06:00am EST 

XPO Logistics Inc:Enters into a definitive agreement with Landstar System Inc to acquire NLM, provider of web-based expedited transportation management in North America.The purchase price is $87 million in cash.The company expects to acquire at closing cash in the amount of $10 million to $13 million.The transaction is expected to close by mid-Jan 2014.The company intends to fund the transaction with available cash on hand, including the acquired cash, and its ABL facility. 

Company Quote

-0.63 -1.44%
24 Apr 2015