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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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February 23, 2015
08:51 EDTXPOXPO Logistics added to Top Picks List at FBR Capital
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February 18, 2015
16:11 EDTXPOXPO Logistics sees 2015 annual revenue run rate of at least $5.25B
Sees annual EBITDA run rate of at least $300M by December 31, and at least $1.5B of acquired historical annual revenue for the full year. The company reaffirmed its financial targets for the full year 2017: Revenue of approximately $9.0B and EBITDA of approximately $575M.
16:10 EDTXPOXPO Logistics reports Q4 EPS (10c), consensus (13c)
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