The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWIN.L Share News (WIN)

  • There is currently no data for WIN

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wincanton accepts sweetened CEVA bid as new takeover approach emerges

Mon, 26th Feb 2024 09:12

(Alliance News) - Wincanton PLC on Monday said it has accepted a revised, increased bid from CEVA Logistics UK Rose Ltd, as it disclosed a further approach had been received from an unnamed third party.

The new offer from CEVA, worth 480 pence per share, values Wincanton at GBP604.7 million on a fully diluted basis.

The Wiltshire, England-based logistics provider noted this represented a premium of 6.7% to CEVA's original bid of 450p per share, made in January.

CEVA is a subsidiary of CMA CGM, a shipping and logistics company based in Marseille, France.

Shares in Wincanton jumped 11% to 500.00p in London on Monday, well above the revised offer level.

Wincanton said it considers the revised bid terms to be "fair and reasonable", and unanimously recommended that shareholders accept.

Wincanton also disclosed it had received an approach from a potential competing bidder.

But the company said no formal proposal has yet been received, including terms or price.

Wincanton said the scheme of arrangement by which a bid by CEVA for Wincanton will be facilitated would be discussed at a general meeting on March 13.

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
13 May 2022 15:59

UK earnings, trading statements calendar - next 7 days

Monday 16 May  
Diploma PLCHalf Year Results
Finsbury Growth & Income Trust PLCHalf Year Results
Greggs PLCTrading Statement
Petropavlovsk PLCFull Year Results
Ryanair Holdings PLCFull Year Results
Tuesday 17 May 
accesso Technology Group PLCTrading Statement
Benchmark Holdings PLCHalf Year Results
Big Yellow Group PLCTrading Statement
Britvic PLCHalf Year Results
C&C Group PLCFull Year Results
DCC PLCFull Year Results
Fresnillo PLCTrading Statement
Imperial Brands PLCHalf Year Results
Lamprell PLCFull Year Results
Land Securities Group PLCFull Year Results
Micro Focus International PLCTrading Statement
Renew Holdings PLCHalf Year Results
Shoe Zone PLCHalf Year Results
Smartspace Software PLCFull Year Results
Sureserve Group PLCHalf Year Results
TI Fluid Systems PLCTrading Statement
Tremor International LtdTrading Statement
Tritax EuroBox PLCHalf Year Results
TwentyFour Select Monthly Income Fund LtdHalf Year Results
Velocys PLCFull Year Results
Victorian Plumbing Group PLCHalf Year Results
Vitec Group PLCTrading Statement
Vodafone Group PLCFull Year Results
Watkin Jones PLCHalf Year Results
Zytronic PLCHalf Year Results
Wednesday 18 May  
Assura PLCFull Year Results
Aviva PLCTrading Statement
British Land Co PLCFull Year Results
Burberry Group PLCFull Year Results
Dev Clever Holdings PLCFull Year Results
Experian PLCFull Year Results
Future PLCHalf Year Results
Marston's PLCHalf Year Results
Mitchells & Butlers PLCHalf Year Results
N Brown Group PLCFull Year Results
Ninety One PLC and LtdFull Year Results
Polarean Imaging PLCFull Year Results
Premier Foods PLCFull Year Results
TBC Bank Group PLCQ1 Results
Watches of Switzerland Group PLCTrading Statement
Thursday 19 May  
Atalaya Mining PLCQ1 Results
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
Countryside Partnerships PLCHalf Year Results
Dialight PLCTrading Statement
easyJet PLCHalf Year Results
Ecofin Global Utilities & Infrastructure Trust PLCHalf Year Results
Essentra PLCTrading Statement
Euromoney Institutional Investor PLCHalf Year Results
Fevertree Drinks PLCTrading Statement
Gamma Communications PLCTrading Statement
Great Portland Estates PLCFull Year Results
Idox PLCTrading Statement
Inspecs Group PLCFull Year Results
Investec PLCFull Year Results
JPMorgan Japanese Investment Trust PLCHalf Year Results
National Grid PLC Full Year Results
Purplebricks Group PLCTrading Statement
Qinetiq Group PLCFull Year Results
Royal Mail PLCFull Year Results
S&U PLCTrading Statement
Smart Metering Systems PLCTrading Statement
Friday 20 May  
Bloomsbury Publishing PLC Full Year Results
Close Brothers Group PLCTrading Statement
Ediston Property Investment Co PLCHalf Year Results
Gattaca PLCTrading Statement
JPMorgan Asia Growth & Income PLCHalf Year Results
JPMorgan China Growth & Income PLCHalf Year Results
Old Mutual LtdTrading Statement
Quartix Technologies PLCFull Year Results
Schroder AsiaPacific Fund PLCHalf Year Results
Unbound Group PLCFull Year Results
Wincanton PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
5 May 2022 15:35

IN BRIEF: Wincanton wins logistics contract with The White Company

Wincanton PLC - Wiltshire, England-based logistics firm - Secures five-year contract with UK retailer The White Company to begin immediately. Will provide multi-channel fulfilment services, including international eCommerce order fulfilment, store replenishment, and value-added services. No financial details were disclosed.

Read more
5 Apr 2022 14:42

IN BRIEF: Wincanton on track to meet full-year expectations

Wincanton PLC - Wiltshire, England-based logistics firm - Says full-year ending March 31 is on track to deliver a profit performance in line with market expectations, with a consensus estimate for adjusted pretax profit of GBP56.5 million, within a range of GBP55.5 million to GBP57.0 million. It expects revenue in the fourth quarter to rise 12% year-on-year.

Read more
5 Apr 2022 10:40

SMALL-CAP WINNERS & LOSERS: Go-Ahead races higher on payout resumption

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Read more
5 Apr 2022 08:13

Wincanton Q4 revenues up 13%

(Sharecast News) - Logistics company Wincanton said on Tuesday that fourth-quarter revenues were expected to have increased at least 13% on an underlying basis, excluding disposed of businesses.

Read more
14 Feb 2022 14:20

IN BRIEF: Wincanton chooses James Clarke as interim CFO

Wincanton PLC - Wiltshire-based logistics firm - Appoints James Clarke interim chief financial officer as search for a permanent hire progresses. This follows November announcement that CFO Tim Lawlor is leaving to join Countryside Properties PLC. Lawlor will step down from his executive role at Wincanton at end of February, and Clarke will assume interim CFO rile on March 1. "James is an experienced member of the group's finance team having held a number of roles at Wincanton since 2017 and he is currently the finance director, operations," firm notes, adding that search for permanent successor to Lawlor progressing with both internal and external candidates under consideration.

Read more
20 Jan 2022 20:48

TRADING UPDATES: Wincanton to top forecasts; Kier sees results in-line

TRADING UPDATES: Wincanton to top forecasts; Kier sees results in-line

Read more
20 Jan 2022 14:18

Wincanton shares steam ahead after navigating driver shortages

Wincanton shares steam ahead after navigating driver shortages

Read more
20 Jan 2022 12:01

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

Read more
20 Jan 2022 11:18

SMALL-CAP WINNERS & LOSERS: Wincanton lifts outlook on strong quarter

SMALL-CAP WINNERS & LOSERS: Wincanton lifts outlook on strong quarter

Read more
20 Jan 2022 09:00

Wincanton FY profit to exceed market expectations, shares surge

(Sharecast News) - Wincanton shares surged on Thursday after the logistics firms said full-year profit was set to exceed market expectations following a strong performance in the third quarter.

Read more
24 Dec 2021 13:39

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
25 Nov 2021 16:01

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
19 Nov 2021 11:15

Wincanton interim revenue lifted by growth in e-commerce arm

Wincanton interim revenue lifted by growth in e-commerce arm

Read more
19 Nov 2021 10:39

SMALL-CAP WINNERS & LOSERS: Metro Bank shares still suffering

SMALL-CAP WINNERS & LOSERS: Metro Bank shares still suffering

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.