The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Wincanton PLC, up 19% at 608.00 pence, 12-month range 187.00p-609.00p. The logistics provider has received an offer from GXO Logistics Inc. Under the offer, Wincanton shareholders will receive 605p per share. The acquisition price values Wincanton at approximately £762 million on a fully diluted basis and values Wincanton at approximately £764 million on an enterprise value basis. On Monday, Wincanton accepted a revised, increased bid from CEVA Logistics. The new offer from CEVA, worth 480p per share, values Wincanton at £604.7 million on a fully diluted basis. CEVA is a subsidiary of CMA CGM, a shipping and logistics company based in Marseille, France.
----------
SMALL-CAP - LOSERS
----------
On The Beach Group PLC, down 4.4% at 146.39p, 12-month range 81.24p-181.60p. The beach package holiday retailer falls, after a slow start to 2024. In the year-to-date the stock is down 13%.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
