News / GXO is planning counter offer for Wincanton to see off Ceva

UK contract logistics operator Wincanton has confirmed that rival player GXO is behind a possible counter offer to the already accepted takeover bid from Ceva Logistics.

But it told the London Stock Exchange: “Although GXO has indicated it is considering making a proposal for a cash offer, as of the date of this announcement, it has not provided the board of Wincanton with any formal proposal.

“If any such proposal is provided by GXO, the board of Wincanton will carefully consider its ...