Several global CPG businesses have suspended or limited production in Ukraine in order to keep their staff safe. Nestle, Coca-Cola, Philip Morris, and Mondelez are among the major CPG companies that have indicated plans to curtail or cease manufacturing and/or distribution in Ukraine. The same is true for multinational agricultural...
GXO negotiates the terms of a proposed $1.3 billion bid for Clipper Logistics
GXO Logistics stated on Sunday, February 20th, that it has achieved a preliminary deal to buy Clipper Logistics of the United Kingdom for about $1.3 billion in cash and equity. GXO (NYSE: GXO) would pay 75 percent in cash and 25 percent in new stock to buy Clipper's (CLG.L.EB) common...
Police have cleared the Freedom Convoy truckers and supporters from Ottawa
After a tumultuous weekend of skirmishes, arrests, and the towing of multiple vehicles, police have evacuated the remaining truckers and other Freedom Convoy demonstrators from Ottawa, Ontario. While the massive police operation continued Monday, officers reclaimed control of the city's downtown three weeks after the demonstrators arrived. Some drivers were...