Comment / M&A radar: It was no whim for Wincanton to walk from Eddie Stobart deal

winner and a loser

“The board of Eddie Stobart Logistics plc (…) notes the announcement by Wincanton and confirms that shortly before this announcement was made, it received notification from representatives of Wincanton that it did not intend to make an offer for Eddie Stobart. The board of Eddie Stobart is disappointed that Wincanton felt it was unable to put forward an offer to shareholders despite being granted access to extensive due diligence (commensurate with its status as a strategic competitor to Eddie Stobart) ...