News / Battle for Eddie Stobart Logistics heats up as former CEO joins the fray

ID 94933556 © Patrick Gosling | Dreamstime.com

The battle for control of Eddie Stobart Logistics took another turn yesterday when investment firm TVFB, run by former CEO Andrew Tinkler, made a formal offer for the company.

Promising to invest £80m of new equity into Eddie Stobart, while announcing it had bought 6.5% of its shares, TVFB claimed the existing bid from DBAY Advisors had not won the support of a large portion of shareholders, and it would be to their detriment if it was successful.

After a share-buying spree ...