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Wincanton backs £762m takeover offer from US group GXO

The Guardian M&A

UK haulage firm employs 20,000 people and customers include Asda, Sainsbury’s and Waitrose Business live – latest updates Bosses at the UK haulage company Wincanton have thrown their support behind a £762m takeover offer from the US logistics business GXO and dropped their backing for a rival bid. Continue reading.

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The UK stock market isn’t working | Nils Pratley

The Guardian M&A

Recent bidding battles for sub-£1bn firms such as Wincanton and Currys suggest London has an undervaluation problem Get ready to see more flotations later this year, said David Schwimmer, chief executive of the London Stock Exchange Group on Thursday. Continue reading.