- Wincanton’s customers include Primark, Ikea, Sainsbury’s and BAE Systems
- CEVA Logistics has made a revised £4.80 per share takeover bid for Wincanton
A bidding war for Wincanton is on the cards after the logistics provider revealed it had received a separate takeover approach.
Wincanton shares soared on Monday as it told shareholders the group had provided due diligence information to help the unnamed party decide whether to make a formal takeover offer.
However, the company’s bosses are unanimously advising shareholders to support a revised £4.80 per share bid from CEVA Logistics, a subsidiary of French shipping giant CMA CGM.
Delivery giant: Founded nearly a century ago, Wincanton operates around 8,500 vehicles that deliver a vast range of consumer…
