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Eddie Stobart suitor appeals to watchdog over DBAY bid

Eddie Stobart suitor appeals to watchdog over DBAY bid

Business
A bitter fight for the future of one of Britain's biggest distribution companies will draw in the City mergers watchdog on Monday just days before shareholders vote on a controversial takeover bid.Sky News has learnt that advisers to Andrew Tinkler, the former boss of Eddie Stobart Logistics during its ownership by Stobart Group, will lodge an appeal with the Takeover Panel aimed at preventing DBAY Advisers from voting on 6 December in favour of its own rescue bid. Sources said on Sunday evening that Mr Tinkler's vehicle, TVFB, had acquired a 6.5% stake in Eddie Stobart Logistics on Friday in an effort to build momentum behind his own refinancing proposal.The developments represent the latest twists in an unexpectedly complex battle for control of a company which has been mired in financia...