UPDATE 1-Wincanton ditches support for CEVA deal in favour of higher GXO bid [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
deal on Friday, in favour of GXO Logistics' higher offer, which valued the company at about 762 million pounds ($962.3 million). GXO had offered to buy Wincanton for 605 pence per share on Thursday, compared with CEVA's "increased and final" bid of about 480 pence apiece tabled on Monday. GXO said its bid underscores its interest to expand into the UK's aerospace, utilities, industrial and healthcare sectors, with Wincanton able to give it a "springboard" to offer industrial services across Europe. Wincanton operates in the UK and Ireland and offers supply chain solutions to businesses across sectors. It counts IKEA, Primark and BAE Systems among its customers. CEVA, a unit of French shipping firm CMA CGM, said on Thursday that it would consider its options after GXO outbid it. CEVA had first proposed to buy Wincanton for 450 pence a share in January, before it raised its offer on Monday. Including debt, GXO's offer valued Wincanton at about 960 million pounds. "The Boar
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GXO
News
- GXO Completes Acquisition of Wincanton [Yahoo! Finance]Yahoo! Finance
- GXO Completes Acquisition of WincantonGlobeNewswire
- GXO helps Virgin Media O2 cut single use plastic [Yahoo! Finance]Yahoo! Finance
- GXO helps Virgin Media O2 cut single use plasticGlobeNewswire
- GXO Announces Pricing of $1.1 Billion Notes OfferingGlobeNewswire
GXO
Earnings
- 2/13/24 - Beat
GXO
Sec Filings
- 5/1/24 - Form 8-K
- 4/29/24 - Form 8-K
- 4/29/24 - Form 424B2
- GXO's page on the SEC website