Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
FedEx’s €4.4bn (£3.4bn) takeover of TNT Express is set to complete later this month, just over a year since the parcel giants announced the deal.
CitySprint has purchased the same-day operations of Thames Valley-based Scarlet Couriers. The deal sees CitySprint acquire Scarlet Courier’s same-day, overnight and international operations in Bracknell, as well as the company’s same-day courier operation in Slough. Patrick Gallagher, chief executive, CitySprint, says: “This deal is another significant milestone in CitySprint’s on-going growth strategy. CitySprint’s extensive national reach is key to our success, so we’re delighted to be consolidating our presence in Berkshire.” Following the deal, Scarlet Couriers will continue to run […]