Logistics giant Wincanton mulls takeover of rival Eddie Stobart just a week after another possible suitor walked away

  •  Wincanton said it has started looking through Eddie Stobart’s books
  •  The potential bidder has until November 15 at 5pm to make an offer or walk away
  •  Eddie Stobart is one of fallen star stockpicker Neil Woodford’s holdings 

Wincanton – one of the country’s biggest warehouse and logistics businesses – is running the rule over haulage company Eddie Stobart Logistics.

The potential new suitor said it is examining Eddie Stobart’s books. 

It has until November 15 at 5pm to make an offer or walk away – what is colloquially known as a ‘put up or shut up’ deadline.

Wincanton - one of the country's biggest warehouse and logistics businesses - is running the rule over haulage company Eddie Stobart Logistics

Wincanton – one of the country’s biggest warehouse and logistics businesses – is running the rule over haulage company Eddie Stobart Logistics

The deal comes less than a week after Andrew Tinkler, former boss of Stobart Group which spun off Eddie Stobart in 2014, said he was no longer interested in buying the business.

The Wincanton board said it is ‘currently undertaking a diligence exercise on Eddie Stobart and its assets’. 

It said: ‘No proposal has been made by Wincanton to Eddie Stobart as to the terms of any potential offer, and there can be no certainty that any offer will be made to Eddie Stobart shareholders.’

Wincanton currently has more than 200 warehouses across the UK and Ireland and 3,600 vehicles. 

Shares in Eddie Stobart have been suspended since August when a £2million accounting black hole emerged and former boss Alex Laffey stepped down with immediate effect. 

The accounting woes came as a huge blow to fallen stockpicker Neil Woodford, who owned 23 per cent of the haulage firm and found himself locked in while he scrabbled around to manage the unfolding chaos at his own funds.  

Other interested parties include one of the firm’s biggest shareholders, Isle of Man-based DBAY Advisors, which already holds a 10 per cent stake. 

DBAY expressed interest in the haulage firm in September, but has not yet tabled a formal bid. After two extensions, DBAY has until October 28 at 5pm to do so.  





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