something wrong here. Stock diluted 21%. Stock doesn't fall in price. XPO still bleeding money and going further and further into (almost junk rated) debt. Watch for the exits. They will get harder to pass through unharmed.
What was command's EBITDA? I am trying to get a sense of what ECHO paid. It has to be 15x to 20x Command's EBITDA margins if they paid $420m for them, right? That is huge if it is the case and will set the pace for future deals in the market if it is.