Gatemore Capital Management boosts DX shareholding in bid to fight Menzies deal


 

The DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies’ distribution arm has increased its holding in the company by 10%. Gatemore Capital Management has upped its shareholding in the company from 11% to 21% in a bid to strengthen its position against the proposed deal and DX’s management team. DX froze its shares on the AIM on 30 March after announcing it was in talks to buy Menzies, a move which Gatemore described as […]