Business
Potential Acquisition
Potential Acquisition.
About this update from Logistics Development Group Plc
[{"type":"text","content":"\n \nRNS Number : 6865Q Eddie Stobart Logistics PLC 07 June 2018 \n\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (\"MAR\"). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.\n \n7 June 2018\nEddie Stobart Logistics plc(\"Eddie Stobart\" or the \"Company\")\nPotential Acquisition\n \nThe Company announces that it is in discussions regarding the potential acquisition of a logistics service provider whose operations are complementary to the Eddie Stobart group's existing offering. It is expected that the total consideration would be in the region of £50 million, funded by a mix of debt and equity and that, if completed, the transaction would be earnings enhancing in the first full year of ownership.\nThere can be no certainty that the potential acquisition will be agreed or will complete successfully. An update will be provided as appropriate.\nEnquiries:\n\n\n\n\nEddie Stobart Logistics plc\n\n\nvia FTI Consulting\n\n\n\n\nAlex Laffey, Chief Executive Officer\n\n\n \n\n\n\n\nDamien Harte, Group Finance Director\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCenkos Securities (Nomad & Broker)\n\n\n+44 (0) 20 7397 8900\n\n\n\n\nNicholas Wells, Jeremy Osler\n\n\n \n\n\n\n\nHarry Hargreaves\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nBerenberg (Joint Broker)\n\n\n+44 (0) 20 3207 7800\n\n\n\n\nChris Bowman, Toby Flaux\n\n\n \n\n\n\n\nJames Brooks\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nFTI Consulting\n\n\n+44 (0) 20 3727 1340\n\n\n\n\nNick Hasell, Matthew O'Keeffe\n\n\n \n\n\n\n\nAlex Le May\n\n\n \n\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END ACQLLFIVRAIDIIT\n ","length":4194,"tagName":"div"}]