GXO Logistics in its £965 million cash and share acquisition of Clipper Logistics plc

On February 28, 2022, The Boards of GXO Logistics, Inc. and Clipper Logistics plc today announced that they have reached agreement on the terms of a recommended cash and share acquisition by which the entire issued and to be issued ordinary share capital of Clipper will be acquired by GXO.  The acquisition values Clipper’s existing issued and to be issued share capital at approximately £965 million on a fully diluted basis.  Wachtell, Lipton, Rosen & Katz is serving as a legal advisor to GXO.