Walking the rumour tightrope – sale of Australia's TGE looks near
And so…
Investment firm DBAY Advisors has moved a step closer to acquiring control of Eddie Stobart Logistics, increasing its stake to become the largest single shareholder in the company.
In a proposal update this morning it confirmed it had bought additional shares to take its stake to 29.9% of Eddie Stobart Logistics, and said if its takeover offer was successful it would bring back former chief operating officer William Stobart.
It said: “With the new funding in place to stabilise the business, we ...
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