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Eddie Stobart Logistics confirms DBAY proposal to acquire controlling stake

Wed, 13th Nov 2019

Eddie Stobart Logistics confirmed media reports it had received a proposal from a fund managed by DBAY Advisors to acquire a controlling interest in the company. Under the terms of the proposal, the fund would acquire a 51% stake in a new holding company, with existing shareholders retaining their 49% stake. As part of the proposal, the fund would inject approximately £55m of financing into the group's operations to strengthen the balance sheet. Story provided by StockMarketWire.com

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