Stobart Group’s plans to partially divest its transport business, creating a new private company Eddie Stobart Logistics, has received the backing of shareholders at a general meeting today. The plan was backed by more than 96% of shareholders earlier today, and is expected to complete within ten working days. A special resolution to buy back up to 35.4 million ordinary shares as part of the transaction was also waved through with full shareholder support, attracting backing of 99.86%. The deal […]
Eddie Stobart Logistics – set to float on the Alternative Investment Market (AIM) next week 25 April – has conditionally agreed to acquire multi-channel retail logistics management group iForce for £45m.
More than 700 Co-operative Food drivers are preparing to take strike action against the retailer’s proposal to transfer 87 Coventry-based drivers to Eddie Stobart.
More than 400 Argos employees have gone on strike over the proposed transfer of almost 100 drivers to Eddie Stobart Logistics.