Jacob Corlett, CEO of logistics firm Shift, is trying to halt InPost's £106 million acquisition of Yodel by seeking a court injunction. He claims this deal represents a 'stealth takeover' with insufficient transparency to stakeholders. The ownership and operational stability of Yodel is under dispute, particularly after a failed bid by Shift and subsequent legal challenges. InPost downplays Corlett's objections, indicating that they had adequately assessed Yodel's situation before the acquisition, aiming to restore Yodel's profitability amidst its financial struggles.
The dispute over Yodel's ownership has created a volatile environment, with Corlett claiming the recent acquisition by InPost raises serious transparency concerns for shareholders and regulators.
InPost has firmly rejected Corlett's allegations, emphasizing their thorough review of Yodel's status prior to proceeding with the acquisition, indicating confidence in the deal.
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