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$700M investment boosts XPO Logistics' targets
2014-09-16 00:43:16| Logistics - Topix.net
Greenwich-based XPO Logistics, one of the fastest growing providers of transportation logistics in North America, announced last week that it received $700 million in investments, in a deal that the company expects will vastly accelerate growth. The investment comes from PSP Investments, GIC, Singapore's sovereign wealth fund and Ontario Teachers ' Pension Plan, and is scheduled to be completed on Wednesday, at which time the new investors would hold about 22 percent of XPO's common stock.
Tags: investment
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boosts
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.
Tags: today
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xpo
PSP Investments, GIC And Ontario Teachers' Pension Plan Agree To Invest $700M In XPO Logistics
2014-09-12 03:10:28| Logistics - Topix.net
XPO Logistics, Inc. today announced that it has entered into a definitive agreement with PSP Investments, GIC, Singapore's sovereign wealth fund, and Ontario Teachers' Pension Plan to invest a total of $700 million in XPO to accelerate the company's growth strategy. The company will receive all of the net proceeds, which it intends to use primarily for unspecified acquisitions.
PSP Investments, GIC and Ontario Teachers' Pension Plan Agree to Invest $700 Million in XPO Logistics
2014-09-12 03:10:27| Logistics - Topix.net
The company will receive all of the net proceeds, which it intends to use primarily for unspecified acquisitions. There are no selling shareholders.
XPO cuts jobs at former Pacer headquarters in Dublin
2014-08-04 18:06:50| Logistics - Topix.net
XPO Logistics Inc. has eliminated some at the former headquarters of Pacer International Inc. in Dublin following the logistics companies' second-quarter merger.
Tags: in
jobs
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