Logistics industry set for shake-up

摘要

Connecticut-based XPO Logistics has entered into a definitive agreement to buy a majority stake in rival Norbert Dentressangle and to launch a tender offer for the outstanding shares in the French logistics major. The market value of the transaction for Norbert Dentressangle shareholders is ?2.2bn($2.4bn), based on 9.9m outstanding shares. The total transaction value is approximately ?3.2bn, including ?l.lbn of net debt. The board of directors of XPO and the supervisory board of Norbert Dentressangle have unanimously approved the transaction.