XPO Logistics $3 billion acquisition of Con-way Freight

30/10/2015

Public acquisition

Value:

$ 3 billion

Status:

Completed

Date:

30/10/2015

Overview:

XPO Logistics has completed its $3 billion acquisition of freight transportation company Con-way Freight.
Con-way has 582 locations and about 30,000 employees.
JP Morgan Securities and Morgan Stanley acted as financial advisers for XPO, while Citigroup Global Markets acted for Con-way.
The deal was first announced in September 2015.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Shipping

Firms:

Sidley Austin

Party: Con-way Freight (Target)

Lawyer: Scott Williams

Wachtell Lipton Rosen & Katz

Party: XPO Logistics (Acquirer)

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