Logistics

GXO outmaneuvers Ceva in bidding war for Wincanton

The board of Wincanton has withdrawn its recommendation of a takeover bid from Ceva Logistics in favor of a better offer from US-based GXO Logistics.
The board of British Wincanton now supports the takeover bid from US company CXO at the expense of French Ceva. | Photo: Ceva Logistics - Pr
The board of British Wincanton now supports the takeover bid from US company CXO at the expense of French Ceva. | Photo: Ceva Logistics - Pr
by JENS THOMSEN

The management of UK-based logistics company Wincanton welcomes the fact that the US logistics group GXO Logistics is ready to offer a price that is 26% higher than the best offer so far from France’s Ceva Logistics.

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