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Thread: XPO Logistics to Explore Sale of Business Segments

  1. #1
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    Default XPO Logistics to Explore Sale of Business Segments

    https://www.ttnews.com/articles/xpo-...FqLlsrNJP99d8s

    XPO Logistics Inc. announced Jan. 15 that its board of directors has authorized the possible sale or spinoff of one or more of its business units.

    The company itself is not for sale, but XPO CEO Brad Jacobs said in a news release that he wants to create more value for shareholders.

    “XPO is the seventh-best-performing stock of the last decade on the Fortune 500, based on Bloomberg market data,” Jacobs said. “The share price has increased more than tenfold since our investment in 2011. Still, we continue to trade at well below the sum of our parts and at a significant discount to our pure-play peers. That’s why we believe the best way to continue to maximize shareholder value is to explore our options, while remaining intensely committed to the satisfaction of our customers and employees.”
    Profits before people every time.
    fxstc07, ABFwife, 222lifer and 1 others like this.

  2. #2
    I Am Rocking Now

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    Default Re: XPO Logistics to Explore Sale of Business Segments

    https://www.freightwaves.com/news/xp...AutZCqeRb5UMoU

    After two months of shopping potentially all of its operating units excluding the less-than-truckload (LTL) division, XPO Logistics, Inc. (NYSE: XPO) said that it was no longer looking to sell.

    In a brief 8-k filing with the U.S. Securities and Exchange Commission, the top-10 global logistics provider said, “in light of current market conditions, XPO has terminated the strategic review process.”
    fxstc07 and ABFwife like this.

 

 

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