News / Wincanton warns worried Stobart shareholders not to grab at first offer

ID 94933052 © Patrick Gosling | Dreamstime.com

A bidding war for UK haulier Eddie Stobart Logistics appeared to be breaking out this week after potential acquirer Wincanton called on Eddie Stobart shareholders to reject last week’s offer for the company by an investment fund.

On Friday – the deadline by when it was due to make an offer for  Eddie Stobart – Wincanton was granted an extension until 27 November to continue its due diligence.

This followed a recommendation from Eddie Stobart management that its shareholders accept a partial takeover ...