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XPO Logistics, Inc.
XPO today announced that it has commenced an
underwritten public offering of 6,000,000 shares of its common stock, subject
to market and other conditions. XPO expects to grant the underwriters in the
offering a 30-day option to purchase up to an additional 900,000 shares of its
common stock. Morgan Stanley & Co. LLC, Deutsche Bank Securities and Jefferies
& Company, Inc. will act as joint book-running managers for the offering. XPO
intends to use the net proceeds of the offering for general corporate
purposes, which may include potential acquisitions.
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