3/16/2012 10:20:00 AM
Write a Letter to the Editor
XPO Logistics said it has commenced a $126 million public offering of 8 million shares of its common stock.
The third-party logistics provider said Thursday that it has increased the size of the offering to 8 million shares, up from the previously announced 6 million, at a price of $15.75 per share.
In a statement, XPO said it intends to use the proceeds of the offering for â€œgeneral corporate purposes, which may include potential acquisitions.â€�
The offering is expected to close March 20, the company said.
Morgan Stanley Co., Deutsche Bank Securities and Jefferies Co. are acting as joint book-running managers for the offering, XPO said.
Follow Transport Topics on RSS Twitter Facebook
Â© 2012, Transport Topics Publishing Group. All rights reserved.
CSA, Other Government Regulations to Be TIAâ€™s Focus at Texas Meeting (3/15/2012 8:50:00 AM)
Port Logistics Teams With Joe Fresh (3/15/2012 8:40:00 AM)
Opinion: Information Logistics Improves Efficiency (3/12/2012 8:00:00 AM)
Consumer Market Shaping Handheld Devices Used by Trucking Industry, Manufacturers Say (3/12/2012 4:30:00 AM)
YRC Selling Stake in Chinese Firm (3/9/2012 8:15:00 AM)
Delphi Extends Logistics Contract With ProTrans (3/8/2012 3:30:00 PM)