Conway bought out by XPO

Celadon bought USF Glenn Moore after YRC bought all the USF brands. Seems like Celadon likes to snag a deal.

 

In the end the shareholders and Wallstreet ,will decide what happens with XPO .

 

XPO has once again extended the tender offer to acquire Con-way.

GREENWICH, Conn. - October 19, 2015 - XPO Logistics, Inc. ("XPO" or the "company") (NYSE: XPO) today announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Con-way Inc. ("Con-way") (NYSE: CNW) for $47.60 per share in cash (the "Offer"). The Offer will now expire immediately after 12:01 a.m., New York City time, on October 30, 2015, unless it is further extended. All other terms and conditions of the Offer remain unchanged.

The completion of the Offer remains subject to certain customary terms and conditions set forth in the Offer to Purchase, dated September 15, 2015, as amended (the "Offer to Purchase"), and other related materials by which the Offer is being made. As previously disclosed, the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has been terminated, and the Offer has been cleared unconditionally under the Dutch Competition Act of 22 May 1997, as amended. On October 16, 2015, the Offer was also cleared unconditionally under the Mexican Federal Law on Economic Competition of 2014, as amended. The Offer has been extended to allow additional time for the satisfaction of the Marketing Period Condition, as defined in the Offer to Purchase.

Computershare Trust Company, N.A., the depositary for the Offer, has advised XPO that as of the close of business, New York City time, on October 16, 2015, approximately 39,965,441 shares of common stock of Con-way have been validly tendered and not properly withdrawn pursuant to the Offer, representing approximately 70.3% of Con-way's outstanding shares. Shareholders who have already tendered their shares of common stock of Con-way do not have to re-tender their shares or take any other action as a result of the extension of the Offer.

http://investors.xpologistics.com/phoenix.zhtml?c=204615&p=irol-newsArticle&ID=2098067​

 

When I bought my house, we had a closing date. We didn't close the deal until 2 weeks after that date. We couldn't get the paperwork on a house figured out on time. I can't imagine the paperwork required for this purchase.

 

Not to mention the number of legal and financial consultants involved on both sides of the deal...

 

Newly branded trailers and tractors are making an appearance already. Sales team red polo's are starting to arrive.

 

I read in the business section a couple weeks ago that XPO stock was downgraded.
I think some think they have over extended themselves credit wise .
http://www.dakotafinancialnews.com/...-down-6-7-after-analyst-downgrade-xpo/467597/

 

Really don't care much for con way either some moron their come up with the idea that you had to have 3 inspections showing to haul for them and this was after I had hauled for them before.
I asked the guy so I'm supposed to run into the scalehouse and beg to be inspected?
This is just telling they are run by fools anyway .

 

I have no idea what your talking about.