XPO Logistics Starts a 8m Share Secondary Offering
The company says this is to help finance the previously announced acquisition of 3PD. As I said in a previous post, this acquisition seems to be more about taking 3PD public than synergies.
I don't pretend to be a financial genius but I am always suspect of selling part of a company and diluting earnings to current shareholders. Seems like if you really believe in the pro-forma you would want to keep as much as you can for yourself.