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 […]
Former Eddie Stobart chief Andrew Tinkler has confirmed his intention to bid for Eddie Stobart Logistics (ESL) just hours after Wincanton withdrew from the fray and is warning that a rival bid from DBAY Advisors is not in the interests of ESL shareholders.
Wincanton has published details of its Britvic contract win, revealed by Motortransport.co.uk last month.
Talks are due to take place between Stobart Automotive and union Unite after workers at what was formerly Autologic voted in favour of strike action.