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18 October 2019 09:48

Stobart Group is a separate company that owns...

united kingdom

Britain's biggest logistics company has entered the race to buy scandal-hit trucking firm Eddie Stobart. Wincanton, which warehouses goods for some of the world's most prominent brands, is "undertaking a diligence exercise on Eddie Stobart and its asset", it said in a short statement on Friday. A formal offer is yet to be made. The announcement raises the prospect of a bidding war with Eddie Stobart's second-largest shareholder DBAY Advisors, which was this week given more time to review the lorry company's books – but must submit an offer by Oct 28. Andrew Tinkler, the former chief executive of Stobart Group, dropped out of the running on Wednesday.

free battle

Logistics firm Wincanton weighs offer for troubled Eddie Stobart

Stobart Group is a separate company that owns...

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