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XPO Logistics sees acquisition of 3PD significantly accretive to earnings

XPO Logistics announced that it has completed its previously announced acquisition of 3PD Holding in a transaction valued at approximately $365M. The acquisition is expected to be significantly accretive to earnings. The company financed the acquisition and related fees and expenses with the net proceeds of its recent $220.5M public offering of common stock, together with cash on hand.