XPO said there is no assurance that the planned fourth quarter 2022 spin-off will occur “or, if it does occur, of its terms or timing.”
“We’ve completed a key step in preparing for our planned spin-off when we’ll separate XPO into two publicly traded leaders in less-than-truckload transportation and tech-enabled brokered transportation services,” Jacobs said.
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Russian Stock Market Jumps With Foreign Investors Blocked From SellingRussia’s stock market jumped in its first, limited trading session since the West unveiled punishing sanctions nearly a month ago, but the rally was overshadowed by government moves to prevent foreign investors from selling shares It's just the Russian government buying. Nobody else in their right mind would. Good. They all deserve to lose everything. ‘“This is not a real market and not a sustainable model—which only underscores Russia’s isolation from the global financial system,” he said.’
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