September 9, 2019 / 6:24 AM / 3 months ago

Eddie Stobart gets takeover interest from investor DBAY Advisors

Sept 9 (Reuters) - Eddie Stobart Logistics Plc said on Monday it has received a preliminary expression of interest from its third largest shareholder DBAY Advisors Limited.

The news follows the departure of Chief Executive Officer Alex Laffey on Aug.23 and suspension of trading after it failed to publish its half-year results in time.

DBAY Advisors Limited owns about 10.11% stake in the logistics group, whose brands include biForce, Logistics People and Speedy Freight, according to data from Refinitiv Eikon.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Arun Koyyur

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