GXO Logistics (GXO) has provided an announcement.
GXO Logistics, Inc. has announced a successful step forward in its acquisition of Wincanton plc, as the UK Government has decided not to intervene under the UK National Security and Investment Act 2021. This clears a significant regulatory hurdle for the takeover, allowing the logistics giants to proceed with the court-sanctioned scheme of arrangement, moving them closer to finalizing the deal. This development is a positive sign for investors monitoring the progress of this potentially market-shifting consolidation.
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