Wincanton: Losses double as GXO takeover decision drags on Business Losses at Wincanton have doubled after leaving the London Stock Exchange as a decision over its acquisition by GXO has still yet to be made. The Wiltshire-headquartered business slipped into the red for the first time in more than 20 years in the year to 31 March, 2024 – posting a pre-tax loss of £44.9m. [...]
GXO-Wincanton deal would raise costs for supermarkets, says CMA Business Logistics firm GXO’s takeover of Wincanton is likely to reduce competition and bump up costs for supermarkets stocking up shelves, according to the UK’s competition watchdog. The Competition and Markets Authority (CMA) on Wednesday published its initial assessment into the £762m deal following a year-long investigation. The regulator noted GXO and Wincanton are currently two [...]
Higher prices warning issued over Wincanton takeover as GXO handed ultimatum Business The £762m takeover of Wincanton by GXO could lead to higher prices for business customers in the UK, according to the Competition and Markets Authority (CMA). The watchdog has issued its initial findings on the deal which saw the Wiltshire-based business taken over by logistics giant GXO and delist from the London Stock Exchange earlier [...]
Wincanton slipped into the red before London deslisting by US logistics giant July 8, 2024 Wincanton slipped into the red for the first time in more than 20 years in the year leading up to it being taken private by the logistics giant GXO.
Competition regulator to probe takeover of logistics firm Wincanton May 8, 2024 The Competition and Markets Authority (CMA) will investigate logistics firm GXO's £764m acquisition of Wincanton, it has been announced.
Wincanton switches horses and backs new £762m takeover bid – but will French suitor come back? March 1, 2024 Wincanton looks set for a £762m takeover by Clipper logistics owner GXO after bosses withdrew their backing for a rival bid and waved through a new offer to shareholders.
Clipper logistics owner GXO makes £762m offer for Wincanton as bidding war heats up February 29, 2024 GXO, the owner of Clipper Logistics, has announced a £764m swoop for Wincanton as a bidding war with a French rival heats up.
Wincanton squeezes higher offer from buyer Ceva amid bidding war rumours February 26, 2024 Trucking firm Wincanton has today announced it has squeezed a higher price out of the French giant Ceva Logistics, which made an offer for its UK-based peer back in January.