PRESS RELEASE
XPO Logistics Announces Plan to Spin Off Logistics Segment to Its Shareholders
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 XPO shareholders and would result in XPO shareholders owning stock in both companies.
After ...