News / Wincanton ends its interest in Eddie Stobart takeover

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UK 3PL Wincanton has decided not to make an offer for rival UK haulage business Eddie Stobart Logistics.

In an announcement to the London Stock Exchange (LSE), the company said the failure of Eddie Stobart to deliver the full information it had requested made it unable to complete its due diligence, and “there is still no visibility on when Eddie Stobart’s auditor’s review may be complete”.

It added that, on the basis of the financial information that had been made publicly available ...