Inactive Instrument

Xpediator Plc

XPD

GB00BF6P5V92

Xpediator says talks with takeover consortium "ongoing"

January 16, 2023 at 11:58 pm IST

Xpediator PLC - Braintree, England-based freight management services provider - Says takeover talks with consortium, including its former chief executive Stephen Blyth, "remain ongoing". Takeover Panel extends 'put up or shut up' deadline to February 14. Aside from Blyth, the consortium also includes the company's largest shareholder Cogels Investments Ltd, funds managed by Baltcap, one of the largest private equity investors in the Baltic states, and Justas Versnickas, the managing director of Delamode Baltics, a subsidiary of Xpediator.

"There can be no certainty either that an offer will be made nor as to the terms of any offer, if made," Xpediator adds.

Current stock price: 38.00 pence

12-month change: down 30%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Latest news about Xpediator Plc

Xpediator takeover becomes effective; shares to be cancelled next week	07/23/07	AN
DLM Bidco’s Acquisition of Xpediator Becomes Effective	07/23/07	MT
Cogel Investments Limited, funds managed by AS BaltCap and Justas Versnickas completed the acquisition of a 73.71% stake in Xpediator Plc from Shaun R Godfrey, Sandu Grigore and others.	07/23/07	CI
Xpediator confirms effective date of share takeover	06/23/06	AN
All Things Considered raises funds to buy Sandbag	29/23/29	AN
DLM Bidco Consortium Confirms Date to Seek Romanian Approval for Planned Xpediator Takeover	22/23/22	MT
Xpediator says takover by DLM Bidco approved by court and shareholders	07/23/07	AN
Xpediator Plc Auditor Raises 'Going Concern' Doubt	06/23/06	CI
Xpediator boosts profit and revenue ahead of possible takeover	23/23/23	AN
Xpediator Plc Reports Earnings Results for the Full Year Ended December 31, 2022	23/23/23	CI
Xpediator Plc Recommends No Final Dividend for the Year 2022	23/23/23	CI
FTSE 100 Closes Up 1.03% in Third Week of Gains	06/23/06	DJ
WPP Gains on Talk of FGS Global Stake Sale	06/23/06	DJ
Gilt Yields Could Fall as Impact of BOE Rate Rises Emerge	06/23/06	DJ
AIM WINNERS & LOSERS: Block Energy up as financial position improves	06/23/06	AN
Xpediator agrees to takeover by founder and former CEO Stephen Blyth	06/23/06	AN
FTSE 100 Rises as TUI, Miners Gain	06/23/06	DJ
UK Property Market Appears to Be Steadying, Data Says	06/23/06	DJ
FTSE 100 Seen Little Changed as Asian Markets Fall	06/23/06	DJ
Xpediator Receives Bid from Three-party Consortium	06/23/06	MT
FTSE 100 Index Closed Up 1.2% on US Inflation Data	14/23/14	DJ
UK's Declining Wage Growth a Positive for BOE	14/23/14	DJ
Xpediator extends deadline for consortium offer to March 14	15/23/15	AN
FTSE 100 Closes Thursday Up Despite BOE Rate Hikes	02/23/02	DJ
UK Gilt Yields Fall as BOE Raises Rates	02/23/02	DJ

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Company Profile

Xpediator Plc is an international freight management company. The Company provides logistics and transport support solutions, exploiting the global growth demand for transportation services. The Company's divisions include Freight Forwarding, Warehousing and Logistics and Transport Support Services. The Freight forwarding division provides international freight management services by road, air and sea. The Logistics and warehousing division consisting of palletized freight network in Romania, and further warehousing and port center logistics services in the United Kingdom. The Transport support services division delivering a one stop shop solution for transport companies in Romania, Serbia, Montenegro, Macedonia, and Bulgaria. The Company is also engaged in providing road freight logistics and services; sea freight services and sea freight logistics; air freight services; logistics and warehousing; e-commerce fulfilment and e-commerce warehousing, and port centric retail logistics.

Sector

Air Freight & Logistics

Calendar

23/09/2024 - Q2 2024 Earnings Release (Projected)

More about the company

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