DBAY Advisors given more time to prepare takeover bid for Eddie Stobart Logistics


 

One of Eddie Stobart Logistics’ (ESL) largest shareholders has been granted an extension by UK regulators to make a firm takeover offer for the beleaguered haulage firm. DBAY Advisors now has until 16 October to either make a buyout bid or walk away. The development comes after a “highly preliminary expression of interest” was made by former Stobart boss Andrew Tinkler for the business, via his company TVFC last month. TVFC must also make a bid or decline by the […]