The battle for control of Eddie Stobart Logistics took another turn yesterday when investment firm TVFB, run by former CEO Andrew Tinkler, made a formal offer for the company.
Promising to invest £80m of new equity into Eddie Stobart, while announcing it had bought 6.5% of its shares, TVFB claimed the existing bid from DBAY Advisors had not won the support of a large portion of shareholders, and it would be …
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Source: The Loadstar
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