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Stock Market & Financial Investment News

News Breaks
March 25, 2014
09:35 EDTPACR, XPOXPO Logistics announces $415M commitment for amended credit facility
XPO Logistics (XPO) announced that it has obtained bank commitments to amend its revolving loan credit facility to increase the amount of financing capacity from $125M to $415M. The ABL facility is subject to customary conditions and the completion of the company's previously announced acquisition of Pacer International (PACR). The company expects to close on the ABL facility on or near April 1.
News For XPO;PACR From The Last 14 Days
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June 30, 2015
08:08 EDTXPOXPO Logistics coverage resumed with an Overweight at Morgan Stanley
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June 26, 2015
17:53 EDTXPOXPO Logistics says ND is subject of ongoing investigation by French regulators
XPO Logistics said in a regulatory filing that ND or Norbert Dentressangle is subject to an ongoing investigation by the French Competition Authority. On June 8, XPO Logistics announced that it has consummated the previously announced agreement to purchase all of the shares of Norbert Dentressangle held by Mr. Norbert Dentressangle and his family, representing 67% of the company's outstanding shares, at a price of 217.50 euros per share. XPO continued in a filing: "In July 2014, ND Distribution received notification from the French antitrust authorities relating to alleged anti-competitive practices of companies in the parcel express delivery business. Most French companies participating in this market also received complaints covering several prior years. The investigation focuses on the role played by an industry syndicate, in which the participants are said to have exploited the syndicate’s “Pooling Business Advisory” meetings so as to align their sales practices and, in particular, prices. The French antitrust authorities are reviewing the period from June 2007 to March 2008, which straddles the period during which ND completed its indirect takeover of ND Distribution. ND expects that a hearing may be held late in 2015 or early in 2016. Additionally, ND is involved in certain proceedings in the Valence Criminal Court regarding a two-year preliminary enquiry into the way ND organizes international transport sub-contracting operations. No provision has been made in ND’s financial statements regarding either investigation, and while ND disputes the claims against it, any adverse findings or decisions arising out of such investigation could have a material adverse impact on ND’s business and financial condition. "
June 19, 2015
10:00 EDTXPOOn The Fly: Analyst Initiation Summary
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07:08 EDTXPOXPO Logistics initiated with an Outperform at William Blair
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