XPO Logistics, Inc. (NYSE:XPO) launched a tender offer to acquire remaining 3.5% stake in XPO Logistics Europe SA (ENXTPA:XPO) for approximately €110 million on April 6, 2021. As per terms of offer, 0.34 million shares will be acquired at €315 per share in cash. The offer is to be followed by a squeeze-out.

The offer will be subject to review by the Supervisory Board of XPO Logistics Europe S.A., Autorité des marches financiers in France as well as regulatory bodies. Transaction is expected to close in the first half of June 2021. As of May 4, 2021, transaction is expected to close in the second quarter of 2021.