CHICAGO--(BUSINESS WIRE)--Fitch Ratings has placed the ratings of Con-way Inc. (CNW), including its 'BBB-' long-term Issuer Default Rating (IDR), on Rating Watch Negative. The rating action stems from yesterday's announcement that XPO Logistics, Inc. (XPO) will acquire CNW in an all-cash transaction. The rating action applies to a $325 million unsecured revolving credit facility and $725 million in senior unsecured notes. A full rating list follows at the end of this release. KEY RATING DRIVERS
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