The board of UK contract logistics operator Wincanton this morning announced it had accepted GXO’s £6.05 per share takeover bid.
Wincanton said the bid values it at approximately £762m on a fully diluted basis and at an enterprise value of approximately £960m (IFRS16 basis), and represents a 26% premium on an improved offer from CMA CGM-owned Ceva Logistics.
“The Wincanton directors are pleased that the public offer process, triggered by their recommendation …
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