wincanton-gxo

Watchdog to probe GXO’s Wincanton takeover

The UK’s Competition and Mergers Authority (CMA) has decided to refer US-owned GXO Logistics acquisition of UK logistics firm Wincanton for an in-depth, phase 2 investigation unless the parties undertake to address these competition concerns. A GXO spokesperson said: “We are reviewing the decision and will continue to engage constructively and collaboratively with the CMA to secure a positive outcome. We strongly believe that the transaction will deliver meaningful benefits for ... [+]

Wincanton takeover could be first of many, says M&A expert

Following the vote by Wincanton to approve the takeover by GXO, the US firm’s takeover of the UK firm is not surprising due to the value of the Pound against the Dollar, says merger and acquisition specialist, Tom Whelan The partner at the international law firm Reed Smith, adds that this ... [+]