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GXO Logistics Acquires PFSweb For $7.50/Share, Expands E-commerce Reach

Author: Benzinga Newsdesk | September 14, 2023 08:06am

GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, and PFSweb, Inc. (NASDAQ:PFSW), a premier, tech-enabled eCommerce order fulfillment platform based in the United States, today announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb 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.

Posted In: GXO PFSW


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