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Stock Market & Financial Investment News

News Breaks
July 29, 2014
16:53 EDTXPOXPO Logistics acquires New Breed Logistics for $615M, completes ACL acquisition
XPO Logistics announced that it has entered into a definitive agreement to acquire New Breed Holding Company, the preeminent U.S. provider of non-asset based, complex, technology-enabled contract logistics for blue chip customers, for a purchase price of $615 million on a cash-free, debt-free basis, and assuming a normalized level of working capital. At the closing, New Breed's CEO, Louis DeJoy, will use $30M of proceeds from the transaction to purchase restricted stock from the company. New Breed had revenue of approximately $597M and adjusted EBITDA of approximately $77M for the trailing 12 months ended June 30. The company further announced that on July 28, the company completed its acquisition of Atlantic Central Logistics, or ACL, for a cash purchase price of $36.5M on a cash-free, debt-free basis, and excluding any working capital adjustments. ACL had revenue of $63M and adjusted EBITDA of $6.2M for the trailing 12 months ended June 30.
News For XPO From The Last 14 Days
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August 21, 2015
10:02 EDTXPOHigh option volume stocks
High option volume stocks: XEO VAR AMCC XPO ROST INTU TFM BTE DXD
August 18, 2015
07:58 EDTXPOXPO Logistics has reached 'compelling entry point,' says Oppenheimer
After XPO reported slightly better than expected results and provided EBITDA guidance that Oppenheimer views as " appropriately ambitious/yet achievable," Oppenheimer notes that the stock sold off following the results. The firm says that the company does not have major problems with its operation, execution or outlook. Oppenheimer reiterates a $56 price target and Outperform rating.

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