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XPO Logistics is set to return to the merger and acquisition arena after a two-year hiatus with an $8bn war chest.

Chief executive Bradley Jacobs told The Loadstar: “We are looking at companies that are in the same lines of business we are in, and companies that have at least the majority of their business in North America and Western Europe.

“Although, the very largest acquisition [targets] tend to be multinationals that may well have a large presence in other geographies, and we’re comfortable ...

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