GXO Logistics attracts takeover interest from DHL, FedEx, and Maersk, causing stock rise.

GXO Logistics, the largest independent contract logistics firm, has attracted takeover interest from major companies like DHL, FedEx, and Maersk, causing its stock to rise. The company has hired financial advisors as speculation about a sale grows. Analysts suggest management seeks at least $70 per share, a 40% premium. Even without a sale, the interest may stabilize the stock, making GXO an appealing option for investors.

October 13, 2024
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