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March 20, 2020, 7:58 a.m. EDT

XPO Logistics cancels terminates strategic review, that could have led to sale of business units

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By Tomi Kilgore

XPO Logistics Inc. /zigman2/quotes/205483484/composite XPO +2.39% disclosed Friday that it has terminated the previously announced review of strategic alternatives, "in light of current market conditions." The transportation and logistics company's stock had surged 15.1% to $95.35 on Jan. 16, after the company said it might sell off one or more of its business units as part of the strategic review. The stock, which was still inactive in premarket trading, has tumbled 57.7% over the past month, amid concerns over the impact of the coronavirus outbreak. Over the same time, the Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT +3.11% has dropped 35.8% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +3.15% has lost 31.3%.

/zigman2/quotes/205483484/composite
US : U.S.: NYSE
$ 83.56
+1.95 +2.39%
Volume: 1.29M
June 5, 2020 4:00p
P/E Ratio
24.02
Dividend Yield
N/A
Market Cap
$7.44 billion
Rev. per Employee
$172,790
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/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
9,872.96
+297.71 +3.11%
Volume: 844.51M
June 5, 2020 5:07p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,110.98
+829.16 +3.15%
Volume: 544.41M
June 5, 2020 5:07p
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