Wincanton shares top CMA offer as competing bid emerges
26/02/2024 08:21
MILAN, Feb 26 (Reuters) - Shares in Wincanton WIN.L
rose 10% in early deals on Monday, surging above a sweetened
offer from French shipper CMA CGM after the British logistics
firm was approached by a potential competing bidder.
Wincanton board continues to recommend unanimously the
increased and final cash offer by CMA unit CEVA Logistics.
Wincanton shares last traded at 496 pence in London, above
CMA's 480 pence-per-share increased offer.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
((Danilo.Masoni@TR.com; Reuters Messaging:
danilo.masoni.thomsonreuters.com@reuters.net))