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 […]
Stobart Group has sold a 51% stake in its transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move sees William Stobart become chief executive of the newly formed, and once again privately owned, Eddie Stobart Logistics.
More than 700 Co-operative Food Group drivers are being balloted for industrial action over a plan to transfer around 50 drivers in the Midlands to haulier Eddie Stobart this April.
William Stobart has stepped down as a director of the business that bears his surname ahead of its float on the stock exchange on the 25 April.