Wincanton withdraws support for CEVA deal in favour of higher GXO bid
01/03/2024 07:08
March 1 (Reuters) - British logistics firm Wincanton
WIN.L withdrew its support for CEVA's proposed deal on Friday,
in favour of GXO Logistics' GXO.N higher offer which valued
the company at about 762 million pounds ($962.3 million).
GXO had offered to buy Wincanton for 605 pence per share,
compared with CEVA's "increased and final" bid of about 480
pence.
($1 = 0.7918 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Varun H
K)
((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))