XPO Seen Reaping $520 Million in Sale of Con-way Long-Haul UnitBy
Bloomberg Intelligence analyst estimates value of divestiture
The benefits: cutting debt, easing investors' trucking qualms
XPO Logistics Inc., fresh off the purchase of trucker Con-way Inc., could reap as much as $520 million by selling the new acquisition’s long-haul unit to help pay debt, according to a Bloomberg Intelligence analyst.
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