This evening XPO Logistics stock jumped 16% in after hours trading following it's announcement that it will pursue selling some assets and operations....but....made it quite clear that it's US trucking operations will not be among the assets it's considering selling. it's now simply a question of what it is they will sell, who buys it, what they can get for it , what the new buyer does with it and what will they do with the proceeds.
One can only guess but perhaps supporting the stock price and raising some cash in an effort to strengthen it's ability to fight off a hostile takeover bid is something you cannot rule out.
One can only guess but perhaps supporting the stock price and raising some cash in an effort to strengthen it's ability to fight off a hostile takeover bid is something you cannot rule out.