Wincanton faces a potential bidding war as CMA CGM increases its takeover offer to £605M and GXO Logistics expresses interest.
Wincanton, a UK logistics firm, is facing a potential bidding war after French shipping company CMA CGM increased its takeover offer to £605 million, and US-based logistics firm GXO Logistics has reportedly expressed interest in making a takeover bid. Wincanton's board has recommended that shareholders accept the higher bid from CMA CGM, while they have not named the other potential buyer or provided details of their offer.
February 26, 2024
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