Stobart Group in for Autologic with £12.4m cash offer

Stobart Group to purchase Autologic
 

Stobart Group has made its expected formal offer for car-transporter firm Autologic, which values the company at £12.4m. The deal would in effect see Stobart become the largest car-transporter haulier in the UK. Both parties have been in talks since Thursday 24 May and Stobart has made the offer in cash through Stobart Holdings Limited. Autologic is recommending the deal, which is the equivalent of 20p per share, to  its shareholders. Avril Palmer-Baunack, chief executive of Autologic, says: “The combination […]