Brad Jacobs, president and founder of XPO Logistics Inc (XPO), talks about the creation of a new billion-dollar investment company to make acquisitions. The company currently targeted is Silver Sun Technologies, a small, publicly-traded company whose market capitalization recently doubled. Existing Silver Sun shareholders will get their company back after the transaction, receive a dividend of $2.5 million and hold a 0.3% stake in the new Jacobs company. Jacobs plans to use the new company, which will be listed with $1 billion in cash, to consolidate an unspecified industry, buying and improving businesses, taking advantage of synergies. 

He also talks about the delivery industry, the founding of XPO and his new book "How to Make a Few Billion Dollars".  

(MT Newswires)

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