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Eddie Stobart shareholders vote in favour of DBAY takeover bid

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By Reuters
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(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)