wincanton-gxo-cma-cgm

Wincanton recommends acceptance of GXO offer

Wincanton Directors have recommended an offer to buy the company by GXO for about £762 million, or £6.05 per share, 26% higher than that made by CMA CGM subsidiary Ceva Logistics in February. West Country-based Wincanton operates more than 170 sites across the country with a 20,300-strong team – including 5,000 drivers – and a fleet of 8,500 vehicles, mainly involved in domestic UK and Irish distribution. US-owned GXO, which already owns ... [+]