wincanton-cma-cgm-ceva

‘Bidding war’ on the cards for Wincanton

A bidding war for Wincanton is emerging after it was revealed that US-owned GXO Logistics was also interested in acquiring the UK-based logistics company. The US firm’s move came on 26 February, about three weeks after CEVA Logistics, a subsidiary of CMA CGM, said it had reached agreement to take over the old-established West Country operator £4.80 per share. However, Wincanton is continuing to advise its shareholders to take no action at ... [+]