XPO Logistics (XPO) Commences 6M Common Offering

XPO Logistics, Inc. (AMEX: XPO) 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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