Wincanton makes indicative rival offer for TDG

LONDON, May 9 (Reuters) - British supply chain company Wincanton Plc (WIN.L: Quote, Profile, Research) confirmed on Friday that it had approached logistics company TDG Plc TDG.L about a possible cash offer.

The indicative cash offer is at 281.25 pence per TDG share, or 290p when the dividend of 8.75p is included. This represents an increase of 15p on the offer of 275p made by private equity firm Laxey Partners in February.

Shares in TDG were 17 percent higher at 269p following the announcement, valuing the company at around 219 million pounds ($427 million). (Reporting by Mike Elliott; Editing by Mark Potter)