Bid possible

Eddie Stobart confirms takeover interest from DBAY Advisors

Eddie Stobart

Offer could be forthcoming for trucks firm

Haulage firm Eddie Stobart has confirmed that it has received an expression of interest in acquiring the company.

Funds managed by DBAY Advisors will need to indicate by not later than 7 October whether to lodge a firm offer.

The announcement follows the departure of Stobart’s chief executive Alex Laffey on 23 August and suspension of trading after it failed to publish its half-year results in time.

DBAY Advisors owns a 10.11% stake in the logistics group, whose brands include biForce, Logistics People and Speedy Freight.

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