News / Ceva Logistics pulls out of race with GXO to acquire Wincanton

05/03/2024

Ceva Logistics has formally given up on its plan to acquire the UK’s Wincanton.

The CMA CGM subsidiary upped its all-cash offer last month to an enterprise value of £802.7m ($1.01bn) after GXO expressed interest in the business. But Wincanton’s board last week recommended shareholders accept ...

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