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Wincanton considers Eddie Stobart takeover

The two logistics companies are in the due diligence process of a potential takeover
Wincanton considers Eddie Stobart takeover

Wincanton (WIN) is exploring a potential merger with fellow logistics company Eddie Stobart (ESL). Both companies confirmed that Wincanton has been given access to Eddie Stobart’s accounts to conduct its due diligence process, but there is no certainty that a formal offer will be made. Wincanton has until 15 November to announce a firm intention to make an offer, while asset manager Dbay Advisors, its third largest shareholder, has 10 days to make its offer official.

IC TIP: Sell at 71p

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