05:00 AM EDT, 04/29/2024 (MT Newswires) -- GXO Logistics ( GXO ) said Monday it has completed its all-cash acquisition of Wincanton and is now the UK company's only shareholder.

On May 13, Wincanton shareholders will receive 6.05 pounds ($7.58) for each Wincanton share they hold. Wincanton will continue to be run independently until the UK Competition and Markets Authority has vetted the deal for antitrust considerations.

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