GXO Logistics Acquires PFSweb For $7.50/Share, Expands E-commerce Reach
Portfolio Pulse from Benzinga Newsdesk
GXO Logistics, Inc. (NYSE:GXO) has announced a definitive agreement to acquire PFSweb, Inc. (NASDAQ:PFSW) for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb's cash balance of $39 million at June 30, 2023.
September 14, 2023 | 12:06 pm
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POSITIVE IMPACT
GXO Logistics is acquiring PFSweb, which could potentially expand its e-commerce reach.
The acquisition of PFSweb by GXO Logistics could potentially expand its e-commerce reach, which could lead to increased revenues and growth for the company. This could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PFSweb is being acquired by GXO Logistics for $7.50 per share in cash, representing an equity value of approximately $181 million.
The acquisition of PFSweb by GXO Logistics for $7.50 per share in cash could potentially lead to a short-term increase in PFSweb's stock price due to the premium paid by GXO.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100