Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors. Investors will vote on whether to accept the deal tomorrow (6 December) and the Daily Telegraph claims ESL’s holding company will be put into administration if an agreement cannot be reached. DBAY’s proposal includes a £55m high-interest loan in exchange for DBAY taking a majority stake. But in […]
Former Eddie Stobart Logistics boss Andrew Tinkler claims ‘vast majority’ of its shareholders back his takeover bid
Eddie Stobart’s former boss Andrew Tinkler (pictured) claims to have secured better-than-expected support from investors for a £70m rescue of Eddie Stobart Logistics (ESL), just days after announcing his intentions.
The planned strike of Co-operative Food drivers protesting the transferral of 87 drivers to Eddie Stobart has been suspended.
Eddie Stobart has reported strong contract retention and growth ahead of its year-end trading update, expected in January 2018.