Brief: Wincanton To Recommend GXO Offer, Withdraws Recommendation Of Offer By CEVA

Wincanton

01/03/2024 07:14

March 1 (Reuters) - GXO Logistics Inc  GXO.N :
    * WINCANTON PLC GXO LOGISTICS, INC. GXO LOGISTICS - GXO  -
RESPONSE TO CASH OFFER BY GXO LOGISTICS, INC.
    * WINCANTON PLC - INTEND TO RECOMMEND UNANIMOUSLY GXO OFFER,
HAVE
WITHDRAWN THEIR RECOMMENDATION OF INCREASED AND FINAL CASH OFFER
BY CEVA
    * WINCANTON PLC - DIRECTORS HAVE INDICATED AN INTENTION TO
SUPPORT
GXO TO IMPLEMENT ACQUISITION BY WAY OF A SCHEME IN EVENT THAT
GXO ELECTS TO DO SO
    * WINCANTON PLC - GXO OFFER IS EXPECTED TO BECOME EFFECTIVE
IN
MID-Q2 2024

Source text for Eikon:  ID:nRSA0671Fa 
Further company coverage:  GXO.N 

 ((Reuters.Briefs@thomsonreuters.com;))