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Evening Standard
Evening Standard
Business
Simon English

UK companies worth £3bn fall into foreign hands

United Kingdom London Covid-19

THREE UK firms worth a near combined £3 billion were set to fall into foreign hands today in the latest sign that markets could be gearing up for a post Covid deal frenzy.

First, Clipper Logistics accepted a 920p a share bid from US rival GXO Logistics, a deal that sees a key provider of deliveries for M&S, John Lewis, JD Sports and Asda disappear from the stock market.

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