Wincanton withdraws support for CEVA deal in favour of higher GXO bid
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March 1 (Reuters) - British logistics firm Wincanton withdrew its support for CEVA's proposed deal on Friday, in favour of GXO Logistics' higher offer which valued the company at about 762 million pounds ($962.3 million).
GXO had offered to buy Wincanton for 605 pence per share, compared with CEVA's "increased and final" bid of about 480 pence. ($1 = 0.7918 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Varun H K)
