XPO Logistics' (NYSE: XPO) upcoming spin-off has been a long time coming. CEO Brad Jacobs first announced his intention to split up the company in January of last year. The coronavirus pandemic scotched that idea, killing the market in M&A. At the end of 2020, XPO refined the plan to separate its logistics and transportation business in order to add shareholder value, as Jacobs has long believed that XPO trades at a "conglomerate discount" to its peers.
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