XPO Logistics acquires Con-Way!
Discussion in 'Con-Way' started by double yellow, Sep 9, 2015.
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XPO will have very little cash left as they already spend billions earlier in the year when they bought one off Europe's biggest trucking /logistics outfit.
Google "norbert dentressangle " -
But takeovers usually happens when a company's stock price plummets. Precision Castparts was trading at nearly $250 last year but had fallen to $190 when Buffett agreed to buy them out for $235... -
It's 52 week high was $52.54 literally a year ago. Last time it was at $50 was January and it's been in a gradual decline ever since. Then after the purchase was announced it jumped from $35 to $47 in one day.
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XPO has some very wealthy investment groups / funds as strategic partners so $ will not be a problem for them
Erick Evans and TruckDuo Thank this. -
The new face of trucking: Mr. Bradley Jacobs
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Xpo has chase banking financial backing them for another 1.3 billion if they want it but stock analysts don't like xpo. They lost 100 mill last year and thief growth is from buying companies
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"In 1871, Harm Huizenga, a Dutch immigrant, began hauling garbage at $1.25/wagon in Chicago. In 1968, Wayne Huizenga, Dean Buntrock, and Larry Beck founded Waste Management, Inc"
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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