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Logistics group Wincanton ends pursuit of rival Eddie Stobart

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(Reuters) - Logistics company Wincanton Plc has decided to drop plans to make an offer to buy rival Eddie Stobart Logistics , citing concerns about the target's financial performance and liquidity.Wincanton had said last month it was considering a possible offer for Eddie Stobart, known for its green and red trucks. It had until Nov. 27 to make a firm offer or walk away."Wincanton will continue..
Date Published: Nov 25, 2019
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