News / Clipper Logistics shareholders welcome takeover bid by GXO

Clipper Logistics shareholders have voted overwhelmingly in favour of the proposed takeover of the contract logistics specialist by GXO Logistics.

At a Clipper shareholder vote yesterday, just over 92% of shareholders were in favour of the deal.

Now, the takeover, being undertaken via “a court-sanctioned scheme of arrangement under Part 26 of the Companies Act”, will proceed if it is cleared by the UK and Polish competition authorities.

However, given how much of the contract logistics market remains to be outsourced, it is ...