Key shareholders battle for control of Eddie Stobart

Key shareholders battle for control of Eddie Stobart

Eddie Stobart Logistics plc (Eddie Stobart) the AIM 100 transport company, received a possible offer from private equity house DBAY Advisors Limited (DBAY) on 9 September 2019. DBAY, which currently owns around 10% of the company’s shares, has until 7 October to announce whether it will make a firm offer or not.

Last month, Eddie Stobart announced that it was delaying the publication of its first-half results and issued a profit warning. The company then revealed a £2 million error in its 2018 results and  announced that CEO Alex Laffey had left with immediate effect. The company suspended trading of its shares until further notice and auditors PWC are

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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.