Done deal: XPO completes spinoff of brokerage unit RXO

[Todd Maiden]

Done deal: XPO completes spinoff of brokerage unit RXO

XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.

www.freightwaves.com

 

[LS2Silver]

Hey Todd, be sure and post the follow up article when RXO goes belly up. Thanks.

 

[OV-10]

So Con-way‘s was 47.60 / share a time of purchase by Xpo . Now it’s $32.50 a share …. Nuff said

 

[Dwell Time]

So Con-way‘s was 47.60 / share a time of purchase by Xpo . Now it’s $32.50 a share …. Nuff said

Lol…yup

 

[Fly-by-night]

So Con-way‘s was 47.60 / share a time of purchase by Xpo . Now it’s $32.50 a share …. Nuff said

So Con-way was $47 with all the divisions, LTL Menlo, Truckload and was still only worth$47 when it was sold. XPO is worth $32 as a stand alone LTL, GXO is $32 and RXO is around $20.
For the GXO split, each XPO stockholder will receive one (1) share of GXO common stock for every one (1) share of XPO common stock held on the record date.
For the RXO split, each XPO stockholder will receive one (1) share of RXO common stock for every one (1) share of RXO common stock held on the record date.

How Do Spinoffs Impact Investors in Parent and Subsidiary Companies?

Learn how spinoffs affect investors in both the parent company and the subsidiary and what strategies investors use to maximize gains after a spinoff.

www.investopedia.com