Following the initial announcement at the end of March (31st) that DX was in discussion on a potential combination with the Distribution division of John Menzies, both companies have announced revised terms for the deal. Importantly, Gatemore, a shareholder with a 21.3% holding in DX, has undertaken an irrevocable undertaking to vote in favour of the proposed deal under the new terms. The revised transaction would see DX acquire Menzies Distribution for £40m (previously £60m) in c
05 Jun 2017
Change in terms of proposed combination with Menzies’ Distribution
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Change in terms of proposed combination with Menzies’ Distribution
- Published:
05 Jun 2017 -
Author:
Andy Hanson -
Pages:
3
Following the initial announcement at the end of March (31st) that DX was in discussion on a potential combination with the Distribution division of John Menzies, both companies have announced revised terms for the deal. Importantly, Gatemore, a shareholder with a 21.3% holding in DX, has undertaken an irrevocable undertaking to vote in favour of the proposed deal under the new terms. The revised transaction would see DX acquire Menzies Distribution for £40m (previously £60m) in c