GXO Logistics (GXO) shares were down more than 1% in recent trading on Wednesday after an interim report by the UK Competition and Markets Authority found that the acquisition of Wincanton can potentially lessen competition in the country.
The impacted customers represent less than 10% of Wincanton revenue, GXO said in a filing.
The company said it will collaborate with the regulator and expects full clearance of the transaction by the end of April.
Price: 40.45, Change: -0.73, Percent Change: -1.76
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