Clipper Logistics agrees £965m takeover by GXO and recommends deal to shareholders


 

Clipper Logistics is set to be acquired by GXO after both firms agreed the terms of a deal worth £965m. Clipper’s directors said they intended to recommend unanimously that shareholders vote in favour of the deal. The acquisition values each Clipper share at 920p and was described as “a compelling strategic combination which significantly increases the opportunities for both businesses in the high growth e-commerce/e-fulfilment area” in a public announcement. It said the move would enhance GXO’s position as a […]