XPO Logistics, Inc. (NYSE:XPO) and Con-way Inc. (NYSE: CNW) today announced that they have entered into a definitive agreement for XPO Logistics to acquire Con-way.
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All of the acquired operations - Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal - will be rebranded as XPO Logistics.
http://www.nasdaq.com/press-release/xpo-logistics-to-acquire-conway-20150909-01409#ixzz3lHex4OsA
XPO Logistics acquires Con-Way!
Discussion in 'Con-Way' started by double yellow, Sep 9, 2015.
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paul_4lp, RoadRooster, Cw5110 and 1 other person Thank this.
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Speechless right now more money more loads. I just hope its worth it all.
Last edited: Sep 9, 2015
RoadRooster Thanks this. -
This may be a good thing... Xpo is a massive logistics company with a great financial footprint. We were only one of two remaining major ltl companies not owned by a logistics company. They have tons of cash, hell three billion cash for us? It may be a good thing.
paul_4lp and RoadRooster Thank this. -
Bradley Jacobs will be the new CEO -- he's a real interesting guy and many think of him as a business superstar. He dropped out of Brown in the 70's to broker oil, founded a waste management company in the 80s & sold it in the 90's for $2 billion, then founded a little company called United Rentals in 1997. In 2011 he took control of XPO and in those 4 years its stock has gone from ~3 to 35.
Douglas Stotlar, he is not...
The question not addressed in business bio's is how his employees view him.paul_4lp, crazeydude and RoadRooster Thank this. -
Bradley Jacobs you are most definitely not. -
Time will tell .... But I'm betting that the average driver/lease operator is not going to make more $$$.
Mike2633, Starboyjim, daf105paccar and 5 others Thank this. -
Wow. 3 billion dollars according to cnbc this morning. Hope you guys own the stock. The sale is a 32% premium of Wednesday's closing stock price.
Mann0567 Thanks this. -
Bradley Jacobs is a baller.
paul_4lp, double yellow and TruckDuo Thank this. -
XPO raised $1.26 BILLION in Equity back in June for future investment , expansion and purchases as well as completing the purchase of BTT , Bridge Terminal Transport
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