11:12 AM EDT, 04/26/2024 (MT Newswires) -- GXO Logistics ( GXO ) said Friday it received clearance under the UK's National Security and Investment Act for the acquisition of Wincanton.

The company offered in February to acquire Wincanton for 605 pence ($7.67) a share in cash, or 762 million pounds.

The High Court of Justice in England and Wales sanctioned the buyout, and completion is tied to delivering the court order to the Registrar of Companies, GXO Logistics ( GXO ) said.

The deal is set to be effective Monday, the company said.

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