M&A radar: Kuehne + Nagel & XPO Logistics – you scratch my back…
Even if XPO paid nothing for Kuehne+Nagel’s UK business, the deal was a win-win.
The annual shareholders e-meeting at XPO Logistics was held on Thursday and, predictably, approved what the board wanted while rejecting calls for reform, mostly from the unions, that had all been opposed by the board.
The votes were preceded by a great deal of union and media pressure (our previous April coverage here)…
… which essentially fell on deaf ears, as those who complain that XPO isn’t doing what it should to protect its workers, quite simply, don’t own enough stock – ...
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