Wincanton Truck 15.11.22

Ceva is to acquire Wincanton in a deal valuing the UK supply chain stalwart at £567m ($719m), a premium of around 52% above yesterday’s share price.

Wincanton’s board will recommend shareholders accept the CMA CGM subsidiary’s cash offer of £4.50 per share.

CMA CGM CEO Rodolphe Saade said: “Wincanton’s renowned expertise in designing supply chain solutions for customers in the retail, grocery, e-commerce, construction, infrastructure, energy and defence sectors would enable Ceva to further diversify its ...

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