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 […]
The two-way battle for control of Eddie Stobart Logistics (ESL) has taken another twist after former CEO Andrew Tinkler (pictured) promised to inject a further £10m of equity into the troubled haulier if his bid is successful.
Wincanton has written to Eddie Stobart Logistics’ (ESL) employees on the Aggregate Industries’ Concrete Products Division contract ahead of the switch in contractor, Motortransport.co.uk can exclusively reveal.
This year, 3PLs have won millions in new and renewed business from retailers, manufacturers and service providers in the UK and beyond; some more business than others. Motortransport.co.uk takes a look at 2013’s top contract wins.