![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING INDUSTRY NEWS * UK - Wincanton makes offer for TDG
Wiltshire,UK -Transport Intelligence, by John Manners-Bell , Chief Analyst -May 9, 2008: -- It has been revealed that European logistics company Wincanton has made an indicative cash offer to buy fellow UK contract logistics operator TDG. Wincanton approached the Board of TDG on 14 April with an offer for TDG of 281.25 pence per ordinary share. Wincanton has reconfirmed this cash offer today... Commenting on the offer, John Manners-Bell , Ti’s Chief Analyst said: ‘There are good synergistic reasons why the acquisition of TDG by Wincanton would work. In fact it is surprising that an offer has not been made earlier given the consolidation which has already occurred in the industry. The resulting group would be very UK-centric, but given that most contracts are awarded on a national rather than European-basis, this is more a strength than a weakness. This can also be seen as a defensive move, following Norbert Dentressangle’s acquisition of Christian Salvesen last year.’... Labels: trucking industry news UK
posted by Unknown @ 6:48 AM
0 Comments:
Post a Comment
<< Home