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Why XPO Logistics (XPO) Stock Is Up Today

2014-09-12 17:30:20| Logistics - Topix.net

The air delivery and freight services company announced it secured a $700 million investment from the Ontario Teachers' Pension Plan , PSP Investments , and Singapore's sovereign wealth fund, GIC . Under the investment agreement XPO Logistics will sell newly issued common stock and preferred stock to the funds.

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