- Logistics company Wincanton said it was undertaking a diligence exercise on Eddie Stobart to assess the potential merits of a takeover of its rival.

'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 said.

Edie Stobart said it had noted Wincanton's announcement.

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