Eddie Stobart risks ‘imminent liquidity’ if takeover offer is not accepted claims Dbay Advisors

  |   Road Transport   |   Eddie Stobart risks 'imminent liquidity' if takeover offer is not accepted claims Dbay Advisors

26 mins ago

If shareholders do not back a rescue takeover bid by Dbay Advisors, Eddie Stobart could risk plummeting into administration or becoming insolvent, the private equity firm claims ahead of tomorrow's (Friday 6 December) shareholder vote. In response to this, rival bidder Andrew Tinkler, former boss of Stobart Group has said that his offer would increase to GBP80million, as opposed to the previous GBP70million offered, sources confirmed. Private equity firm, Dbay Advisors, is prepared to inject a GBP55million loan of new money, taking control of 51% of Eddie Stobart's operating business.

The board of Eddie Stobart has urged its shareholder continuously to provide backing to Dbay Advisors' offer, or risk going bust.

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