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XPO Logistics Inc announces common stock offering


Monday, 27 Jan 2014 04:02pm EST 

XPO Logistics Inc:Says it has commenced an underwritten public offering of 15,000,000 shares of its common stock.Says it expects to grant the underwriters in the offering a 30-day option to purchase up to an additional 2,250,000 shares of its common stock.Says Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities and J.P. Morgan Securities LLC will act as joint book-running managers for the offering.Says it intends to use the net proceeds of this offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc. to pay related fees and expenses and for general corporate purposes. 

Company Quote

30.64
0.06 +0.20%
27 Aug 2014