Clipper Logistics

GXO makes firm offer for Clipper Logistics

GXO to add Clipper Logistics to portfolio

GXO Logistics announced Monday a firm offer to acquire U.K.-based Clipper Logistics. Terms of the offer are unchanged and if successful, GXO would acquire Clipper for approximately $1.3 billion in a cash and equity transaction.

Under the proposed deal, Clipper (CLG.L.EB) shareholders will receive 920 pence ($12.33) per share, 75% of which would be distributed in cash with the remainder coming from newly issued shares of GXO stock.

GXO (NYSE: GXO) previously announced Feb. 20 that Clipper had...

https://www.freightwaves.com/news/gxo-makes-firm-offer-for-clipper-logistics

M&A just one avenue of growth for GXO

Facility automation upgrades present incremental revenue stream on existing contracts

The need for warehouse space and the people and tech to run it is at an all-time high. Getting goods to consumers faster has become the equation every supply chain manager is trying to solve. However, industrial real estate vacancies are at record lows and skilled labor remains a pinch point across many parts of the world. The combination has created an abundance of opportunities for well-positioned logistics facility operators.

GXO (NYSE: GXO) is one such provider thriving in the space, growing...

https://www.freightwaves.com/news/ma-just-one-avenue-of-growth-for-gxo

Travel sector recovery boosts chances that EasyJet could fly back into FTSE 100 in March reshuffle

Travel sector recovery boosts chances that EasyJet could fly back into FTSE 100 in March reshuffle

Susannah Streeter

22 February 2022

Travel sector recovery boosts chances that EasyJet could fly back into FTSE 100 in March reshuffle

The FTSE All Share Index Quarterly Review is based on closing prices on Tuesday March 1 and is due to be announced on Wednesday March 2.

  •  A flying recovery for EasyJet pushes it into a prime position to move back into the blue chip league.
  • Dechra pharma set to fall out...

https://allaboutshipping.co.uk/2022/02/22/travel-sector-recovery-boosts-chances-that-easyjet-could-fly-back-into-ftse-100-in-march-reshuffle/

GXO hammers out details of possible $1.3 billion bid for Clipper Logistics

GXO could add to footprint in deal with Clipper Logistics

GXO Logistics announced Sunday it has reached a tentative agreement to acquire U.K.-based Clipper Logistics for roughly $1.3 billion in cash and stock.

Under the “possible offer,” GXO (NYSE: GXO) would use 75% cash and 25% in new equity to acquire Clipper’s (CLG.L.EB) common shares. At 920 pence per share ($12.50), the deal marks an 18% premium to Friday’s close.  

The combination would increase “opportunities for both businesses in the high-growth e-commerce/e-fulfilment areas,” a press release...

https://www.freightwaves.com/news/gxo-hammers-out-details-in-possible-13-billion-bid-for-clipper-logistics