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

02/12/2019

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 ...