Davis Polk advised the representatives of the underwriters in connection with an SEC-registered offering of 11,000,000 shares of common stock of XPO Logistics, Inc. and advised the forward counterparties in connection with the concurrent execution of forward sale agreements relating to 6,000,0000 of the shares. The remaining 5,000,000 shares were sold directly to the underwriters by XPO. In connection with the forward sale agreements, the representatives of the underwriters borrowed an aggregate of 6,000,000 shares of XPO Logistics, Inc.’s common stock from third parties and sold these shares to the underwriters. 

XPO, based in Greenwich, Connecticut, is a global provider of cutting-edge supply chain solutions to the most successful companies in the world. XPO operates as a highly integrated network of people, technology and physical assets and uses its network to help customers manage their goods more efficiently throughout their supply chains.

The Davis Polk corporate team included partner Michael Kaplan, counsel Yasin Keshvargar and associates Stephen A. Byeff and Mahfouz Basith. The equity derivatives team included partners John M. Brandow and Mark M. Mendez, counsel Justin Michael and associate Jenny Ge. Partner Rachel D. Kleinberg provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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