XPO Logistics (XPO) Announces 5M Share Public Offering of Common Stock
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XPO Logistics Announces Public Offering of Common Stock
June 28, 2021 7:35 AM EDTGREENWICH, Conn., June 28, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (XPO or the company) (NYSE: XPO) today announced that it plans to make a registered underwritten offering of 5 million shares of its common stock consisting of an equal number of shares to be offered by XPO and by Jacobs Private Equity, LLC, the selling stockholder and an affiliate of Brad Jacobs, XPOs chairman and chief executive officer. XPO and the selling stockholder expect to grant the underwriters a 30-day option to purchase up to an aggregate of 750,000 additional shares, which additional shares will also be... More
