Business, Freight News, Logistics, Rail, Road

Bidders mull Eddie Stobart buy

[ October 21, 2019   //   Chris ]

Wincanton is considering a bid for multimodal transport and logistics operator Eddie Stobart. However, Stobart’s largest shareholder DBAY Advisors is also considering a bid. It follows a troubled time for Eddie Stobart. Chief executive Alex Laffey stood down in the summer following an accounting error that  overstated profits by £2 million, leading to a collapse in its share price.

Tags: Wincanton; Eddie Stobart; DBAY Advisors