11:26 AM EDT, 10/10/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

GXO Logistics' ( GXO ) shares were up nearly 15% in recent Thursday trading after Bloomberg News reported, citing people familiar with the matter, that the company is working with financial advisers to explore a potential sale.

GXO started to review options after potential buyers expressed interest in the company, the report said, citing one of the people.

No final decision has been reached, and the company could choose to stay independent, according to the report.

GXO didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 58.50, Change: +7.60, Percent Change: +14.93