Three UK firms snapped up by overseas players

Three UK firms combined worth over £3m have been snapped up by overseas players in a buying frenzy. Clipper Logistics accepted a  920p-a-share bid from the US and GXO Logistics, a key provider of deliveries for M&S and John Lewis, JD Sports, and Asda disappear from the UK stock market. John Menzies the cargo group that works for airlines across the world is going the same way as it accepted a £558million bid from Kuwait firm Agility, at a much-improved 608p a share having rejected earlier bids at 460p and 510p. The UK Government has dropped its probe into £1.2 billion takeovers of robot software group Blue Prism by America’s SS&C. It will delist from the London Stock Exchange in March.