UK's CMA to probe GXO Logistics-Wincanton deal [Reuters]
GXO Logistics, Inc. (GXO)
Company Research
Source: Reuters
By Reuters May 8 (Reuters) - Britain's competition regulator will investigate U.S.-based warehousing firm GXO Logistics' 762 million pound ($952.2 million) completed buyout of UK peer Wincanton , it said on Wednesday. The Competition and Markets Authority (CMA) has issued an initial order to the companies as part of the probe. GXO CEVA Logistics earlier this year with a 605 pence per share offer for Wincanton, which operates in about 160 locations. It is also involved in e-commerce, groceries and non-food retail, with customers including supermarket operators Sainsbury's, Morrisons and Asda. The deal was completed last month. Wincanton and GXO did not immediately respond to Reuters' request for comment. ($1 = 0.8003 pounds) Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up Reporting by Eva Mathews in Bengaluru; Editing by Nivedita Bhattacharjee and Sonia Cheema Our Standards: Plantable cut
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GXO
News
- GXO Welcomes New Jewelry Customer Ring Concierge [Yahoo! Finance]Yahoo! Finance
- GXO Welcomes New Jewelry Customer Ring ConciergeGlobeNewswire
- GXO Logistics, Inc. (NYSE: GXO) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $74.00 price target on the stock.MarketBeat
- GXO deploys robotics solution for European sporting goods retailer [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $70.00 price target on the stock.MarketBeat
GXO
Earnings
- 5/7/24 - In-Line
GXO
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/7/24 - Form 8-K
- GXO's page on the SEC website