DX has announced that it is in discussion on a potential combination with the Distribution division of John Menzies. The proposed transaction would see DX acquire Menzies Distribution for £60m in cash and the issue of new DX ordinary shares representing 80% of DX’s issued share capital as enlarged by the transaction. DX has also released H117 results. However, these have been over shadowed by today’s announcement with regards Menzies’ Distribution and by Wednesday&rsqu
31 Mar 2017
Proposed combination with Menzies’ Distribution and Interim results
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Proposed combination with Menzies’ Distribution and Interim results
- Published:
31 Mar 2017 -
Author:
Andy Hanson -
Pages:
8
DX has announced that it is in discussion on a potential combination with the Distribution division of John Menzies. The proposed transaction would see DX acquire Menzies Distribution for £60m in cash and the issue of new DX ordinary shares representing 80% of DX’s issued share capital as enlarged by the transaction. DX has also released H117 results. However, these have been over shadowed by today’s announcement with regards Menzies’ Distribution and by Wednesday&rsqu