Wincanton, UK: US-based GXO has approached Wincanton about a possible takeover offer that would derail an agreed bid from France’s Ceva Logistics.
GXO, which bought Clipper Logistics in 2022 in a deal worth close to £1bn, has, according to several media reports, approached Wincanton about a potential offer, a move that would threaten a rival £600m takeover by Ceva.
In a stock exchange statement today, Wincanton said it had been approached by a third party, without naming them.
