Announced
Completed
Financials
Tags
Domestic
Third Party Logistics (3PL)
Demerger
Friendly
United States
Public
logistics solutions
Majority
Single Bidder
Spin Off
Completed
Private Equity
Synopsis
XPO Logistics, an American multinational transportation and contract logistics company, completed the spin-off of its logistics segment into a separate publicly-traded company, GXO Logistics, in a $6.4bn deal. "By uncoupling our transportation and logistics segments, we intend to create two high-performing, pure-play companies to serve the best interests of all our stakeholders. Both businesses will have greater flexibility to tailor strategic decision-making and capital allocations to their end-markets, with the benefit of strong positioning as customer-focused innovators. We currently believe that this spin-off is the most effective way to unlock significant value for our customers, employees and shareholders," Brad Jacobs, XPO Logistics Chairman and CEO.
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