With Shares Surging on Talk of a Buyout, Is GXO Logistics a Buy?

A news report suggests GXO Logistics is seeing buyout interest from multiple parties. GXO Logistics (GXO 6.73%) was spun off from XPO (XPO 3.79%) in 2021 with a lot of promise and bright prospects. The company was created as the world's largest independent, pure-play contract logistics company with close to 1,000 warehouses in North America and Europe. Separating from XPO, the argument went, would allow the company to focus on acquisitions that best serve its own goals and use debt and equity compensation t ...