Sunday 18th Nov 2018 - Logistics & Supply Chain

Wincanton bids for TDG

Logistics services company TDG has received a cash offer from rival Wincanton. The offer of 281.25p per ordinary share was put to TDG”s board in April and is 15p per chare higher than the indicative offer put forward by Laxey Partners at the end of February. Wincanton”s indicative cash offer gives a premium of about 22 per cent to TDG”s closing share price on May 8.

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