Clipper Logistics shareholders have voted overwhelmingly in favour of the £965m proposed acquisition by GXO Logistics. The sale was revealed in February this year, when both parties announced that they had reached agreement on the terms and conditions of a recommended cash and share offer to be made by GXO for the entire share capital of Clipper. The deal has now been put to shareholders, with just over 92% voting in favour of the move. The acquisition has yet to […]
The offer period for the proposed merger of UPS and TNT Express has once again been extended. Following an exemption granted by The Netherlands Authority for the Financial Markets (AFM), the period has been extended until one week after competition clearances have been obtained from regulators, the European Commission and the Chinese Ministry of Commerce. The clearances are not expected to be issued before the end of the current offer period on 9 November. The latest extension will see the […]
Clipper Logistics has enjoyed a successful first year listed on the London Stock Exchange, experiencing a leap in turnover and profit.