Wincanton urges Eddie Stobart stakeholders to “take no immediate action” on DBAY sale agreement


 

Wincanton has told Eddie Stobart Logistics’ stakeholders to “take no immediate action” following news that ESL has agreed a conditional sale to private equity firm DBAY Advisors. Wincanton is still running the rule over a possible merger of its own with ESL and undertaking a due diligence exercise on its assets.  Under the terms of the sale proposal, DBAY would acquire a 51% stake of ESL, with existing shareholders having a 49% interest. It is also proposing an injection of […]