GXO Logistics Awaits CMA Decision on Wincanton Acquisition
Company Announcements

GXO Logistics Awaits CMA Decision on Wincanton Acquisition

The latest update is out from GXO Logistics ( (GXO) ).

GXO’s acquisition of Wincanton plc faces a potential Phase 2 investigation by the UK Competition and Markets Authority (CMA) unless a resolution is reached by mid-November 2024. Despite this regulatory hurdle, GXO is engaging positively with the CMA and remains optimistic about obtaining clearance. Meanwhile, both companies will continue to operate independently until the review concludes.

See more data about GXO stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyGXO Logistics announces Dormagen site is at full capacity
TheFlyGXO Logistics price target raised to $63 from $58 at Goldman Sachs
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App