Eddie Stobart Logistics (ESL) will see lenders pull out and face an “imminent liquidity shortfall” if shareholders reject DBAY Advisors’ takeover bid, DBAY warned this week. The warning follows reports that advisers to Andrew Tinkler, the former Eddie Stobart Logistics chief executive, are preparing to lodge a formal appeal with the Takeover Panel aimed at preventing DBAY Advisers from voting in favour of its own rescue bid. The appeal will be lodged with the mergers watchdog ahead of the shareholder […]
Wincanton has released details of its deal to manage Britvic’s new 273,000sq ft Rugby facility, which went live recently.
For a man that has led The Pallet Network (TPN) through its biggest change in recent history, namely joining the Eddie Stobart Logistics (ESL) fold, Mark Duggan comes across as assured and relaxed when motortransport.co.uk catches up with him.
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.