GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced that, effective today, it has completed its acquisition of Wincanton plc. All conditions of the acquisition have been met and GXO is now the sole shareholder of Wincanton. On May 13, 2024, Wincanton shareholders will be sent consideration of 605 pence for each Wincanton share held by those shareholders at the scheme record time (6:00 p.m. BST on 26 April 2024), excluding shares held by or on behalf of GXO or held in treasury. As is customary, GXO and Wincanton will continue to be run independently until the U.K. Competition and Markets Authority (CMA) has completed its review.
GXO Logistics Completes Acquisition of Wincanton, Financial Terms Undisclosed
Company Profile
Mon. 29 Apr 2024, 3:34am ET
Benzinga
M&A, News