"The board of directors of UK-based Wincanton withdrew its support for a takeover offer from CMA CGM’s CEVA Logistics switching to a competing offer from US-based GXO Logistics. The competition emerged at the beginning of the week, and yesterday GXO topped CEVA’s bid by 26 percent, which represents more than double the value of Wincanton before the bidding began." See the original story at: The Maritime Executive.
Source: The Maritime Executive