IN BRIEF: Wincanton suitor says Guernsey watchdog clears bid

Tue, 27th Feb 2024 21:11

Wincanton PLC - Wiltshire, England-based logistics provider - Suitor CEVA Logistics says Guernsey Financial Services Commission clears bid for Wincanton. On Monday, Wincanton accepted a revised, increased bid from CEVA. The new offer from CEVA, worth 480p per share, values Wincanton at GBP604.7 million on a fully diluted basis. Wincanton noted the sweetened bid 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.

Current stock price: 504.42 pence

12-month change: up 62%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

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