XPO Logistics, Inc. completed the acquisition of the remaining 3.5% stake in XPO Logistics Europe SA.
June 03, 2021
Share
XPO Logistics, Inc. (NYSE:XPO) launched a tender offer to acquire remaining 3.5% stake in XPO Logistics Europe SA (ENXTPA:XPO) for approximately €110 million on April 6, 2021. As per terms of offer, 0.34 million shares will be acquired at €315 per share in cash. The offer is to be followed by a squeeze-out. The offer will be subject to review by the Supervisory Board of XPO Logistics Europe S.A., Autorité des marches financiers in France as well as regulatory bodies. Transaction is expected to close in the first half of June 2021. As of May 4, 2021, transaction is expected to close in the second quarter of 2021.
XPO Logistics, Inc. (NYSE:XPO) completed the acquisition of the remaining 3.5% stake in XPO Logistics Europe SA (ENXTPA:XPO) on June 4, 2021. Following the buy-out offer and the subsequent squeeze-out, XPO Logistics, Inc. owns all of the outstanding shares of XPO Logistics Europe. The transaction was supported by the Supervisory Board of XPO Logistics Europe and approved by the French Autorité des marches financiers. Trading of XPO Logistics Europe shares on Euronext Paris was discontinued on May 27, 2021.
XPO, Inc. is a provider of freight transportation services. The Company moves goods through its customers supply chains in North America and Europe. It operates through two segments: North American Less-Than-Truckload (LTL), and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the United States (U.S.), as well as Mexico, Canada, and the Caribbean. It also includes trailer manufacturing operations. The European Transportation segment offers a range of services, such as truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, including road-rail and road-short sea combinations. It serves a base of customers in consumer, trade, and industrial markets. The Company offers XPO Connect, a cloud-based digital platform for transportation procurement that encompasses a freight optimizer system, shipper interface and carrier interface.
XPO, INC. 
