XPO Logistics (XPO) Announces 5M Share Public Offering of Common Stock
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XPO Logistics (XPO) Prices 5M Share Offering at $138/sh
June 29, 2021 5:29 AM EDTXPO Logistics, Inc. (NYSE: XPO) today announced the pricing of a registered underwritten offering of 5 million shares of its common stock at $138.00 per share, before underwriting discounts and commissions. The offering consists of 2.5 million shares to be sold by the company and 2.5 million shares to be sold by Jacobs Private Equity, LLC, the selling stockholder and an affiliate of Brad Jacobs, XPOs chairman and chief executive officer. The offering is expected to close on July 1, 2021, subject to customary closing conditions. In addition, XPO and the selling stockholder granted the underwriters... More
