XPO said that its board of directors has authorized a review of strategic alternatives, which includes the possible sale or spin-off of one or more of its business units. And it added that there is “no assurance of any specific outcome” and there is no specific timetable for the completion of the review process or which, if any, of its business units would be sold or spun off.
Source: logistics Mgmt
XPO Logistics is vetting strategic alternatives through spin off or sale of some business units
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