News / The price wasn't right: Sun Capital pulls out of Clipper Logistics takeover

Plans for a takeover bid for UK-based e-commerce logistics provider Clipper Logistics have been shelved after a failure to agree a price.

In November, investment fund Sun Capital announced it was considering making a bid for the company, an approach understood to be supported by Clipper founder and chief executive Steve Parkin.

But in a statement to the London Stock Exchange (LSE) last week, Clipper Logistics said: “The board confirms that discussions regarding a possible offer took place between the parties, and ...