News / DBAY buys more shares as it closes in on takeover of Eddie Stobart Logistics

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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 ...