RE: Celebration time!19 Jan 2024 08:54
There are reasons to celebrate but yet another UK logistics company is about to be taken out relatively cheaply. Now we know why the promised share buyback did not commence as it would have made the takeover that management were discussing look less attractive as the share price following the buyback would have been higher due to the low liquidity. After clawing back the pension fund deficit last year I feel management could have held out for a higher offer as Wincanton is now a much more desirable proposition.