The DX Group and John Menzies Distribution merger could be sealed this summer after both boards approved a revised offer that satisfies objections from a major shareholder. The revised deal, which sees the price of the deal slashed from £60m to £40m, has removed the opposition of major DX shareholder Gatemore Capital Management, which earlier this year had threatened to block the deal unless the offer was improved, increasing its shareholding to facilitate this. Under the revised offer, DX Group […]
DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017.
The CEO and financial director of DX Group have stepped down with immediate effect after what the business described as an “exceptionally difficult year”.
DX Group’s pre-tax profit crashed 75% year-on-year in the six months ending 31 December 2016, it revealed today.