XPO Logistics Prices 9.694M Share Offering at $22.75/Share

XPO Logistics, Inc. XPO today announced the pricing of a registered underwritten public offering of shares of its common stock at a price to the public of $22.75 per share, and that, in response to investor demand, it has increased the size of the offering to 9,694,027 shares from the previously announced 8,000,000 shares.  XPO Logistics, Inc. ("XPO") also granted the underwriters in the offering a 30-day option to purchase up to an additional 1,454,104 shares of common stock from XPO. Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. The co-managers for the offering are BB&T Capital Markets, a division of BB&T Securities, LLC, Oppenheimer & Co. Inc., Raymond James & Associates, Inc. and Avondale Partners, LLC.  XPO intends to use the net proceeds of this offering, together with cash on hand, to finance the previously announced acquisition of 3PD Holding, Inc. ("3PD") and to pay related fees and expenses. If the 3PD acquisition is not completed, XPO will use the net proceeds of the offering for general corporate purposes, which may include strategic acquisitions. See full press release