News / Wincanton reports successful H1 and will press on with probe into Stobart

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UK 3pl and haulier Wincanton today said it was continuing due diligence on the possible acquisition of Eddie Stobart Logistics, despite a UK investment fund making a formal takeover bid.

In a statement to the London Stock Exchange, Eddie Stobart said DBAY Advisors had made an offer to create a new holding company for Eddie Stobart in which DBAY would own 51% and existing Stobart shareholders a combined 49% stake.

DBAY would, additionally, inject £55m into Eddie Stobart via a payment in ...