Receive FREE Newsletter
Advanced Search
+

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

Wincanton trucks
By

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 ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Ceva Logistics GXO M&A Wincanton