XPO Logistics Extends Tender Offer to Acquire Con-way for $47.60/Share in Cash

XPO Logistics, Inc. XPO today announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Con-way Inc. ("Con-way") CNW for $47.60 per share in cash (the "Offer").  The Offer will now expire immediately after 11:59 p.m., New York City time, on October 16, 2015, unless it is further extended. All other terms and conditions of the Offer remain unchanged. The Offer has been extended to allow additional time for the satisfaction of the Antitrust Condition, as defined in the Offer to Purchase, dated September 15, 2015, as amended (the "Offer to Purchase"), and specifically to receive the approval of the Offer and the merger from the Mexican Federal Commission on Economic Competition.  As previously disclosed, the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has been terminated, and the Offer has been cleared unconditionally under the Dutch Competition Act of 22 May 1997, as amended.  The completion of the Offer remains subject to certain other customary terms and conditions set See full press release