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XPO > SEC Filings for XPO > Form 8-K on 3-Jan-2014All Recent SEC Filings

Show all filings for XPO LOGISTICS, INC.



Completion of Acquisition or Disposition of Assets, Financial Statements and

Item 2.01. Completion of Acquisition or Disposition of Assets.

On December 28, 2013, XPO Logistics, Inc. (the "Company") completed the acquisition of all of the outstanding capital stock of Landstar Supply Chain Solutions, Inc., which owns all of the outstanding equity interests of Landstar Supply Chain Solutions LLC (together "LSCS"), pursuant to a stock purchase agreement, dated December 10, 2013 (the "Agreement"), by and among, the Company, Landstar Supply Chain Solutions, Inc., and Landstar System Holdings, Inc. Pursuant to the Agreement, the Company acquired NLM, the largest provider of web-based expedited transportation management in North America, and a second technology product, A3i. The $87 million in total consideration paid pursuant to the Agreement was funded through the Company's secured revolving loan credit facility and available cash, including approximately $13.4 million of cash acquired on closing.

A copy of the Company's press release announcing the consummation of the transactions provided in the Agreement is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

The financial metrics of the business acquired do not meet any of the significance standards under Rule 3-05 and Rule 11-01 of Regulation S-X and, as a result, the Company is not required to file financial statements of LSCS or pro forma financial statements in this Current Report on Form 8-K.

(d) Exhibits.

                Number    Exhibit Description

                99.1      Press Release, dated December 30, 2013.

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