PRESS RELEASE
XPO Logistics Announces Plan to Spin Off Logistics Segment to Its Shareholders
Separation of logistics and transportation businesses would create two pure-play industry powerhouses
XPO Logistics, Inc. (NYSE: XPO) (”XPO”) today announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company. XPO intends to structure the spin-off as a transaction that is tax-free to …
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Source: The Loadstar
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