BREAKING NEWS
This content is not available in your region

Eddie Stobart shareholders vote in favour of DBAY takeover bid

Text size Aa Aa

(Reuters) – Eddie Stobart Logistics Plc’s <ESLE.L> shareholders have voted overwhelmingly in favour of a takeover offer from top investor DBAY Advisors at a general meeting on Friday.

The positive vote paves the way for the embattled logistics firm to get a cash infusion of 55 million pounds .

The company, known for its green and red trucks, said it intends to complete the proposed transaction “as soon as possible”.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Maju Samuel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.