CMA CGM has moved to purchase Wincanton. The Marseilles based shipping and logistics service provider has reached an agreement with the board of Wincanton plc to offer to buy the company's shares for "£566.9 million on a fully diluted basis", valuing "Wincanton at approximately £764.9 million (US$972m) on an enterprise value basis" according to a statement issued by Wincanton plc. This price values the shares of Wincanton by more 50% greater than the share price prior to the offer.