On Wednesday following the closing bell, XPO Logistics, Inc. (XPO) unexpectedly announced that its board was reviewing strategic alternatives which included the possible sale of one or more of its business segments. The market reacted positively to the news as the shares surged as much as 15% in after-hours trading.
Following a company press release after the market closed, Brad had already booked an interview with Jim Cramer on CNBC’s “Mad Money.” Jacobs elaborated a little on the process the company was following to properly evaluate the business units they are looking to