Eddie Stobart update : PUSU extension

Eddie Stobart update : PUSU extension

Eddie Stobart Logistics plc (Eddie Stobart) announced on 28 October 2019 that it had requested and was granted a third extension of the ‘put up or shut up deadline’ imposed on DBAY Advisors Limited (DBAY). Previous extensions were granted on 7 October and 16 October 2019. Whilst discussions of the possible offer remain ongoing, DBAY now has until 8 November 2019 to make a firm offer.

The extension to the deadline is a week before the PUSU deadline of the potential competing offer made by Wincanton plc (Wincanton) for Eddie Stobart.  Wincaton has until 15 November 2019 to make a firm offer.

Market Tracker will continue to monitor this transaction as it develops. 

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author:

Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.