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By Guy Taylor French container shipping firm CMA CGM has ditched its pursuit of one of Britain’s largest logistics companies, paving the way for a takeover bid from rival GXO. The news comes only a few days after GXO, the owner of Clipper Logistics, announced a £764m swoop for Wincanton, which valued the company at 605p a share in cash. CMA CGM had proposed an offer of £605m, or 480p per share, and had received backing from Wincanton’s top brass. It had initially tabled 450p a share in January through its subsidary, Ceva logistics, but upped its bid late last month. The acquisition price table…

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