Trasporti
XPO Logistics Announces Share Repurchase Authorization
- XPO Logistics, Inc. ("XPO" or the "Company") (NYSE: XPO) today announced that its Board of Directors has authorized the Company to repurchase up to $1 billion of its common stock.
The share repurchase authorization permits shares to be repurchased from time to time in management's discretion, through a variety of methods, including a 10b5-1 trading plan, open market purchases, privately negotiated transactions or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and is effective immediately. The timing and number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, alternative investment opportunities, and funding considerations. XPO intends to fund the repurchases from existing cash, borrowings on XPO's revolving credit facility and/or other financing sources. The share repurchase authorization does not obligate XPO to repurchase any specific number of shares, may be suspended or discontinued at any time.
XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics provider of cutting-edge supply chain solutions to the most successful companies in the world. The company operates as a highly integrated network of people, technology and physical assets in 32 countries, with 1,529 locations and more than 98,000 employees. XPO uses its network to help more than 50,000 customers manage their goods most efficiently throughout their supply chains. XPO's corporate headquarters is in Greenwich, Conn., USA, and its European headquarters is in Lyon, France. www.xpo.com.
XPO Logistics, Inc.
Tavio Headley
+1-203-930-1602
tavio.headley@xpo.com
XPO Logistics, Inc.
Erin Kurtz
+1-203-489-1586
erin.kurtz@xpo.com
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti