M&A
confidence high
sentiment neutral
materiality 0.70
GXO completes cash acquisition of Wincanton plc for 605p per share
GXO Logistics, Inc.
- Acquisition completed on April 29, 2024 via court-sanctioned scheme of arrangement.
- Wincanton shareholders receive 605 pence cash per share; settlement by May 13, 2024.
- Wincanton shares delisted from LSE and FCA Official List as of April 30, 2024.
- Non-executive directors resigned; CEO James Wroath and CFO Tom Hinton remain.
- UK NSI Act clearance obtained on April 24, 2024 prior to court sanction.