Japan's SG Holdings sparks bidding war for rival trucking firm

C&F Logistics embraces higher bid over earlier offer from AZ-COM

20240531N SG Holdings truck

SG Holdings is looking to secure more drivers and streamline facilities by acquiring competitor C&F. (SG Holdings)

KAI ISHIZAKI, Nikkei staff writer

TOKYO -- SG Holdings, one of Japan's leading ground transporters, announced Friday a tender offer to acquire a domestic counterpart that already has a suitor, as pressure mounts for realignment in an industry facing a looming driver shortage.

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