Eddie Stobart shareholders vote in favour of DBAY takeover bid

Eddie Stobart shareholders vote in favour of DBAY takeover bid
Copyright 
By Reuters
Share this articleComments
Share this articleClose Button

(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)

Share this articleComments

You might also like