Airlines M&A » By The Online Investor Staff, updated Thu., Apr. 18, 4:38 PM
Recent mergers and acquisitions in the Airlines M&A category.
Slide #11. XPO Logistics, Inc. — Landstar System, Inc Michigan-based supply chain subsidiaries
Acquirer: |
XPO Logistics, Inc. (NYSE:XPO) |
Acquiree: |
Landstar System, Inc Michigan-based supply chain subsidiaries |
Details: |
Landstar System, Inc., a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced today that it has signed a definitive agreement to sell its Michigan-based supply chain subsidiaries ("LSCS") to XPO Logistics, Inc. ("XPO") for $87.0 million in cash. |
XPO is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.
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Company Name: |
XPO Inc |
Stock buyback: |
XPO buyback |
Website: |
www.xpo.com |
Sector: |
Airlines |
Number of ETFs Holding XPO: |
64 |
Total Market Value Held by ETFs: |
$2.24B |
Total Market Capitalization: |
$14.20B |
% of Market Cap. Held by ETFs: |
15.80% |
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April 18, 2024 4:38 PM Eastern
Buy (3.46 out of 4)
100th percentile
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