News / Ceva prepared to dig deeper if there is a bidding war for Wincanton

The prospect of a bidding war developing over Wincanton has emerged after the UK pure-play contract logistics operator disclosed it had received an approach from a possible rival suitor to CMA CGM-owned Ceva Logistics.

Wincanton told the London Stock Exchange it had received an enquiry from an undisclosed potential acquirer and had provided “access to due diligence information in order to enable that potential competing bidder to evaluate a possible offer for the company”.

It added: “Although the potential competing bidder has ...