Spin-off Links – December 2020
Recently Announced Spin-offs
XPO Logistics (XPO) recently announced that it will be spinning off its logistics business. Over the past year, management has been deliberating on how to unlock value given the company is trading at a discount. Management believes that by spinning-off the logistics segment, the structure of the conglomerate will be more simple and value will be unlocked through better understanding of the business. The spin-off will become the second largest logistics provider in the world and is the asset-light part of the business. The remai