M&A
confidence high
sentiment positive
materiality 0.70
GXO's acquisition of Wincanton receives shareholder approval; court hearing April 25
GXO Logistics, Inc.
- Wincanton shareholders approved the Scheme with 99.73% of votes cast (66.3M shares) and 99.81% at the General Meeting.
- Court sanction hearing to sanction the Scheme is expected on 25 April 2024.
- Completion of the recommended cash acquisition of Wincanton by GXO remains subject to court approval and other conditions.
- The total number of Scheme Shares in issue at record time was 122,515,037 (corrected per Exhibit 99.2).