M&A
confidence high
sentiment positive
materiality 0.75
GXO Logistics obtains court sanction for Wincanton acquisition; closing set for 29 April 2024
GXO Logistics, Inc.
- High Court of Justice sanctioned the Scheme of Arrangement on 25 April 2024.
- Scheme effective 29 April 2024; last day of dealings in Wincanton shares is 26 April.
- Offer price of 605 pence per share in cash for all Wincanton shares.
- Listing of Wincanton shares on London Stock Exchange to be cancelled on 30 April 2024.
- Acquisition previously approved by shareholders and cleared under UK NSI Act.