SECURITIES AND EXCHANGE COMMISSION
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Item 7.01. Regulation FD Disclosure.
On November 25, 2019, XPO Logistics, Inc. (the “Company”) issued a press release announcing that it, through a wholly owned subsidiary, has agreed to purchase all shares in XPO Logistics Europe SA, held by Elliott Capital Advisors, L.P. and its affiliates. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Exchange Act or the Securities Act of 1933, as amended, except to the extent that the registrant specifically incorporates any such information by reference.
Item 9.01. Financial Statements and Exhibits.
|99.1||Press Release of XPO Logistics, Inc. dated November 25, 2019|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: November 25, 2019||XPO LOGISTICS, INC.|
|By:||/s/ Karlis P. Kirsis|
|Karlis P. Kirsis,|
|Senior Vice President, Corporate Counsel|
XPO Logistics, Inc. to Purchase All Shares Held by Elliott Capital Advisors, L.P. in XPO Logistics Europe
GREENWICH, Conn. — November 25, 2019 — On November 22, 2019, XPO Logistics, Inc. (NYSE: XPO) agreed to purchase all shares in XPO Logistics Europe (ISIN FR0000052870) held by Elliott Capital Advisors, L.P. for a total price of €233,513,280, representing 898,128 shares acquired at €260 per share. The transaction was mutually agreed upon by XPO Logistics, Inc., Elliott Capital Advisors, L.P. and their respective affiliates.
XPO Logistics, Inc. reserves the right, in its sole discretion, to purchase in the future additional shares (if any) of XPO Logistics Europe stock. In the event that the company chooses to do so, these purchases could be accomplished through various methods, including privately negotiated transactions, open market purchases or in a tender offer.
About XPO Logistics
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 30 countries, with 1,531 locations and approximately 100,000 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 are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. xpo.com
XPO Logistics, Inc.