Brief: Ceva Logistics UK Proposes To Buy Wincanton For 450 Pence A Share In Cash

Wincanton

19/01/2024 07:19

Jan 19 (Reuters) - CEVA LOGISTICS UK ROSE  :
    * CEVA LOGISTICS UK  WINCANTON PLC  - RECOMMENDED CASH OFFER
FOR
WINCANTON PLC
    * CEVA LOGISTICS UK ROSE  - PROPOSED DEAL FOR 450 PENCE IN
CASH
    * CEVA LOGISTICS UK ROSE: DEAL VALUES ENTIRE ISSUED AND TO
BE
ISSUED SHARE CAPITAL OF WINCANTON AT ABOUT £566.9 MILLION ON
FULLY DILUTED BASIS
    * CEVA - STRONGLY BELIEVES THAT A COMBINATION BETWEEN
WINCANTON
AND CEVA WILL: O FURTHER DEVELOP CEVA'S OFFERING IN CONTRACT
LOGISTICS IN UK AND IRELAND
    * CEVA LOGISTICS UK ROSE: PROPOSED DEAL FOR WINCANTON AT
APPROXIMATELY £764.9 MILLION ON AN ENTERPRISE VALUE BASIS

Source text for Eikon:  ID:nRSS2807Aa 
Further company coverage:  WIN.L 

 ((Reuters.Briefs@thomsonreuters.com;))